Debt

What is the meaning of bankruptcy?

December 6, 2017

Bankruptcy stands for legal process against a person or an organization when the latter are unable to honour their financial obligations or pay back their outstanding debts. The firm or the debtor files a petition in the court and all the outstanding debts are measured and evaluated. Further, the...

What is Amortization?

November 27, 2017

Amortization refers to repayment of debt via periodic instalments in stipulated time. Almost all buyers and investors in real estate buy properties on loans which are supposed to be repaid within the given time in form of regular instalments. Latter also includes part of the principal amount and the...

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