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The Robin Hood Plan is a colloquialism given to a provision of Texas Senate Bill 7 (73rd Texas Legislature) (the provision is officially referred to as "recapture"), originally enacted by the U.S. state of Texas in 1993 (and revised frequently since then) to provide equity of school financing within all school districts in the state of Texas.
In the 13th and 14th centuries the forms of action for the enforcement of agreements were covenant, debt, detinue, and account. [3] These were all writs in the praecipe form, meaning that they commanded the defendant to perform an act: for example, to keep a promise; to yield up a sum of money or chattel unjustly withheld; or to render accounts.
A loan covenant is a condition in a commercial loan or bond issue that requires the borrower to fulfill certain conditions or which forbids the borrower from undertaking certain actions, or which possibly restricts certain activities to circumstances when other conditions are met.
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Texas borrowers owe $31,367 on average in federal and private student loans — 15% less than the $36,689 for the average borrower in the U.S. The coronavirus pandemic has given some students a ...
For many of these borrowers, the funds were essential to their education, but for some — like 20-year-old Abigail from Fort Worth, Texas — the money was used to fund a lifestyle upgrade.
The federal Education Department released on Friday the much-anticipated proposal, which the Biden administration says could provide student loan forgiveness to approximately 8 million Americans.
The most commonly violated restrictions in affirmative covenants are tangible net worth, working capital/short term liquidity, and debt service coverage. Negative covenants are clauses in debt contracts that limit or prohibit corporate actions (e.g. sale of assets, payment of dividends) that could impair the position of creditors.