DEBT RELIEF
The reorganization of debt in any shape or form, so as to provide the indebted party with a measure of relief, either fully or partially, from a huge debt burden. Debt relief can take a number of forms: reducing the outstanding principal amount (either partly or fully), lowering the interest rate on loans due, extending the term of the loan and so on. The obvious drawbacks of debt relief are that it may encourage imprudent and reckless behavior by fiscally irresponsible parties, who may embark on borrowing sprees in the expectation that their creditors will eventually bail them out. In addition, creditors have to incur needless losses on debt relief measures through no fault of their own.
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Term
Lifespan of an asset or a liability in which its value is expected to either increase or decline, depending on its nature.
Time ...
Social Networking
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Rural Housing Service - RHS
A division in the U.S. Department of Agriculture responsible for managing programs that focus on rural housing and community service facilities, an ...
Interest Equalization Tax
Tax on foreign stocks and bonds acquired by American. Levied in 1963, it is designed to lessen the US balance of payments deficit by deterring inve ...
Bill Of Materials - BOM
List of raw materials or any things that are required to build a product. It is usually in the hierarchical format. Topmost level showing the end p ...
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