Bankruptcy Business


Definition of "Bankruptcy (business)"

Situation in which a business debts exceed the fair market value of its assets.

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Popular Real Estate Terms

Rescind

Canceling, nullifying, terminating, or dishonoring a contractual obligation. The Truth-in-Lending Act provides the right of rescission whereby a pers ...

Rule Of 72 And Rule Of 69

Rule of thumb approach used to determine how long it takes to double an investment in real estate. Under this approach, dividing the number 72 by the ...

Trim

To clip or prune shrubbery,etc. ...

Management Survey

Survey of the maintenance requirements for a commercial or industrial rental property for the purpose of preparing a management agreement. ...

Unearned Increment

Unexpected increase in the price of property not due to any effort on the owner's part. An example is when the appraised value of a house increases be ...

Contingency Planning

Considering future occurrences that may possibly arise. ...

Popular Real Estate FAQ

What Is A REALTOR®?

A REALTOR® is an agent or agency that belongs to the local or state board of REALTORS® and is affiliated with the "National Association of REALTORS ...

What Is A Rate Lock?

A rate lock is a commitment issued by a lender to a homebuyer or to the mortgage broker guaranteeing a specific interest rate for a specified amount o ...

What Is A Loan-to-value (LTD) Ratio?

A loan-to-value ratio is used by lenders to state how much you have financed. If you put down 20 percent on a purchase, you finance 80 percent and hav ...

What Is A Credit Report?

A credit report is a report of all your debt information compiled by an independent agency. The credit report shows all outstanding debt as well as a ...

What Is Hazard Insurance?

Hazard insurance is insurance coverage that compensates for physical damage to a property from natural disasters such as fire or other hazards. ...

What Is An Appreciation?

Changes in the market conditions, or improvements to the property that increase the value of the property. ...

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