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Behest loan [16] — A loan granted to individuals or corporations favored by a powerful government official despite their lack of qualifications to receive such a loan. It is a mechanism for graft and political corruption particularly used in authoritarian regimes , where financial institutions such as banks are placed under intense pressure ...
The taxes imposed by the Code include a graduated income tax on all income earned by natural and juridical persons within the Philippines, a capital gains tax, excise tax on certain products, a Donor's Tax, an estate tax, and a value-added tax on the sale of most goods and services in the Philippines.
[13]: 334 Many loanwords such as pancit [84] entered the Tagalog vocabulary during the Spanish colonial era when the Philippines experienced an increased influx of Chinese immigrants (mostly from the provinces of Fujian and Guangdong in Southern China [85]) as Manila became an international entrepôt with the flourishing of the Manila-Acapulco ...
Definition and use A.C., [1] administrative case [2] N/A: English A case brought under administrative law in the form of a quasi-judicial proceeding by an agency of a non-judicial branch of government, or, the Office of the Court Administrator. Normally, such cases are internal disciplinary matters—court cases criminal and civil can be ...
The order transferred the guarantee functions, programs, and funds of the Small Business Corporation and the administration of the Agricultural Guarantee Fund Pool and the Industrial Guarantee and Loan Fund to the PhilExim, the surviving entity in the amalgamation of the five Philippine Guarantee Programs and Agencies.
P2P lending sites like Prosper facilitate loans and act as an alternative to a traditional bank loan. These types of lenders operate online, similar to online lenders, and the application process ...
A PIK, or payment in kind, is a type of high-risk loan or bond that allows borrowers to pay interest with additional debt, rather than cash. That makes it an expensive, high-risk financing instrument since the size of the debt may increase quickly, leaving lenders with big losses if the borrower is unable to pay back the loan.
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