Asset – Wikipedia – In financial accounting, an asset is any resource owned by the business. Anything tangible or intangible that can be owned or controlled to produce value and that is held by a company to produce positive economic value is an asset. Simply stated, assets represent value of ownership that can be converted into cash (although cash itself is also considered an asset).
Loan Calculator – Bankrate.com – A secured loan requires the borrower to put up an asset as collateral to secure the loan for the lender. An auto loan is an example of a secured loan. If you don’t make your car payments, the.
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How Debt Consolidation Could Lead to Big Financial Trouble – It could also help you reduce the cost of repayment if you can get a better rate on your new loan than you’re currently paying. While there are clear pros to debt consolidation, it could also lead to.
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A Glossary of Loan Terms – GDRC – A limited recourse loan only allows the lender to take assets named in the loan agreement. A non-recourse loan limits the lender’s rights to the particular asset being financed — an approach that is common in home mortgages and other real estate loans. Recoverable Grants Funds provided by a philanthropist to fulfill a role similar to equity.