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A guarantor is a person who agrees to repay the borrower’s debt should the borrower default on agreed repayments. The guarantor is often a family member or trusted friend who has a better credit history than the person taking out the loan and the arrangement is, therefore, viewed as less risky by the lender.
On April 15, 2002, the Cleveland Heights City Council approved, by a 6-1 vote, of a domestic partnership registry for cities employees. It went into effect on May 15, 2002.
The assumption of a mortgage by the purchaser is typically included as part of the deed, although there is no requirement that it has to be in writing. In most jurisdictions, an explicit assumption is required. If a deed is silent or ambiguous on the matter, the court will assume the purchaser did not intend to assume the mortgage.
Aug. 19—On the verge of collapse last week, a plan for Ohio's cities, counties, townships and villages to collectively pursue part of a $21 billion national opioid settlement has been shored up ...
CLEVELAND — On Jan. 30, the Hospice of North Central Ohio (HNCO) Board of Directors approved a Letter of Intent to enter into a management services agreement with Hospice of the Western Reserve ...
SOURCE: Integrated Postsecondary Education Data System, Ohio State University-Main Campus (2014, 2013, 2012, 2011, 2010). Read our methodology here. HuffPost and The Chronicle examined 201 public D-I schools from 2010-2014. Schools are ranked based on the percentage of their athletic budget that comes from subsidies.
A loan guarantee, in finance, is a promise by one party (the guarantor) to assume the debt obligation of a borrower if that borrower defaults. A guarantee can be limited or unlimited, making the guarantor liable for only a portion or all of the debt.
CAMBRIDGE − The Cambridge City School Board recently met in a special session to approve an oil and gas lease agreement between the district and EAP Ohio LLC.. The five-year lease agreement ...