Bankruptcy Business


Definition of "Bankruptcy (business)"

Peg S. Archibald
  Century 21

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



Search Real Estate Glossary

 

Related Real Estate Glossary terms

Blueprint

(1) Architectural plan of a structure in the form of a picture in white on a blue background. Contai ...

Obligor

The person responsible for paying a debt or obligation. ...

Inchmaree Clause

Provision of marine insurance. It protects property damaged or destroyed as the result of the neglig ...

Stipulated Premium Insurance

A form of assessment insurance for which a regular premium is charged. In addition to paying the reg ...

Liability: Limitations On Insurers

Exceptions to coverage. There is no obligation for an insurance company to pay a claim if: the los ...

Valued Policy Law

Legislation in a number of states requiring insurers to pay the face amount of a fire insurance poli ...

Related Real Estate FAQ

What Is An APR And What Does It Include?

An APR stands for an ANNUAL PERCENTAGE RATE. This rate includes the costs of any points paid, mortga ...

What Is Accession?

The right of a property owner to have and enjoy all of the advantages of property ownership includin ...

What Is A Proprietary Lease?

A proprietary lease is lease used for co-ops that give the shareowners the right to live in a partic ...

What Happens When You Prequalify?

When you are prequalified, the lender gives you an estimate but does not formally commit to giving y ...

What Are Jumbo Mortgages?

Jumbo mortgages are mortgages larger than the limits set by Fannie Mae and Freddie Mac. A jumbo mort ...

What Is A Seller Takeback?

A seller takeback is a type of financing in which the seller arranges for the financing on a propert ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

Real Estate Open House - The Dos and Don Is it better to buy or sell a home first 7 Tips for a First Time Homebuyer 6 Reasons you are not selling properties How Does The Home Loan Underwriting Process Work?

FAQ

What is a lease purchase mortgage? What is an overall debt ratio? How Much Income Do I Need ? What is an assessed value? What is zoning?