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

Tax Preference Item

Item falling under Section 57 of the Internal Revenue Code that may result in the imposition of the alternative minimum tax (AMT). These items of othe ...

Tie Beam

Concrete or timber beam that serves as a support in the wall structure of a building. Concrete tie beams are often reinforced with steel rods. ...

Vacancy And Credit Losses

Losses incurred by a landlord because apartments or office are unoccupied and/or tenants fail to pay the rent due. ...

Insurable Interest

A relationship with a person, thing, or item that is the foundation of an insurance policy. One having an insurable interest has a financial stake in ...

Common Area

Space that is available to all tenants or owners, such as a courtyard, main entrance, elevator, and pool. ...

Equity Kicker

Privilege of a real estate investor or lender to participate in the profitability generated from property. This is in addition to any principal, inter ...

Popular Real Estate FAQ

What Is A Treasury Index?

A treasury index is an index used to determine interest-rate changes for certain adjustable-rate mortgages (ARMs). This index is based on the results ...

What Is An Amortization?

The process of paying off a loan balance. As you make payments, a certain amount is applied to the principal and a certain amount to the interest. ...

What Is Homeowners Association (HOA)?

Homeowners association is a nonprofit association that manages the common areas of a condominium or \"planned unit development\" (PUD). Unit owners pa ...

What Is A Seller Takeback?

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

What Is A Lien?

A lien is a claim against a property. ...

What Is A Title Search?

A title search is the process of reviewing court records and other records to ensure that there are no liens or claims against the property you are bu ...

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