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A mortgage loan is a secured loan in which the collateral is property, such as a home.; A nonrecourse loan is a secured loan where the collateral is the only security or claim the creditor has against the borrower, and the creditor has no further recourse against the borrower for any deficiency remaining after foreclosure against the property.
Also called resource cost advantage. The ability of a party (whether an individual, firm, or country) to produce a greater quantity of a good, product, or service than competitors using the same amount of resources. absorption The total demand for all final marketed goods and services by all economic agents resident in an economy, regardless of the origin of the goods and services themselves ...
The verb stem conveys that "a lending-and-borrowing event is occurring", and the other cues convey who is lending to whom. This makes sense because anytime lending is occurring, borrowing is simultaneously occurring; one cannot happen without the other. The German verb umfahren can mean either "to drive around" or "to run over". The two ...
Similarly, a loan taken out to buy a car may be secured by the car. The duration of the loan is much shorter – often corresponding to the useful life of the car. There are two types of auto loans, direct and indirect. In a direct auto loan, a bank lends the money directly to a consumer.
Lending activities can be directly performed by the bank or indirectly through capital markets. [ 2 ] Whereas banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks.
Consumer debt is also associated with predatory lending, although there is much debate as to what exactly constitutes predatory lending. In recent years, an alternative analysis might view consumer debt as a way to increase domestic production, on the grounds that if credit is easily available, the increased demand for consumer goods should ...
An antonym is one of a pair of words with opposite meanings. Each word in the pair is the antithesis of the other. A word may have more than one antonym. There are three categories of antonyms identified by the nature of the relationship between the opposed meanings.
In finance, arrears (or arrearage) is a legal term for the part of a debt that is overdue after missing one or more required payments. [1] The amount of the arrears is the amount accrued from the date on which the first missed payment was due.