AUTOMATIC STAY
A legal provision which temporarily blocks creditors from pursuing debtors regarding the amount that was due from them. Automatic stay takes into effect the moment once a debtor files for bankruptcy. Creditors who reckons to have enough grounds can file a petition to the court in order to remove the automatic stay so that they can resume the collection process. A bankruptcy filed in a bad faith will not lead to an automatic stay. Also, some debts, child support for example, are not stayed.
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Liquidity Adjustment Facility
A tool in monetary policy where banks are allowed to borrow money through repurchase agreements, and to respond to liquidity pressures. The governm ...
Data Warehousing
Electronic storage of information in a business or corporation. It should be secure, reliable and easy to retrieve and manage. It originated in 198 ...
One-Tailed Test
A statistical test where the critical area of a circulation is one-sided so that it is either less than or greater than a specific value, but not b ...
Less-than-Truckload
A shipping service that carries small loads of freight, weight between partial and full truckload. The service is being offered by many large and n ...
Original Cost
It simply refers to the total cost associated in buying an asset.
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