melissacook

Melissa Cook

Melissa has a degree in English and marketing from University of California Irvine. She is a creative and accomplished content writer and editor with comprehensive experience developing rich, compelling content for a variety of websites. With her expertise in writing a broad range of content, combined with outstanding interpersonal skills and commitment to exploring innovative ideas, Melissa has done an excellent job developing content for blogs, articles, social media, and the company website. When she is not writing, Melissa spends most of her time cooking, traveling the world, and catching her favorite Broadway shows.


Federal Funds Rate

Updated Feb 14, 2023
By Melissa Cook
Federal Funds Rate

The Federal Funds Rate is the interest rate at which banks and other depository institutions lend or borrow money to each other overnight on an uncollateralized basis...

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Extinguishment of Debt

Updated Feb 14, 2023
By Melissa Cook
Extinguishment of Debt

Extinguishment of debt refers to the termination or cancellation of a debt obligation. This means that the borrower is no longer obligated to repay the debt, and the lender no longer has a claim on...

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Secured Debt

Updated Feb 14, 2023
By Melissa Cook
Secured Debt

Secured debt refers to a type of debt that is backed by collateral, which serves as security for the loan. This means that the lender has a claim on a specific asset or group of...

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Unsecured Debt

Updated Feb 14, 2023
By Melissa Cook
Unsecured Debt

Unsecured debt refers to a loan or debt that is not backed by collateral. Unlike secured debt, where the borrower provides collateral, such as property or assets, to secure the loan...

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Accrued Interest

Updated Feb 14, 2023
By Melissa Cook
Accrued Interest

Accrued interest refers to the interest that accumulates on a debt instrument such as a bond, loan or savings account, over a specified period of time. It represents the growth in...

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Internal Revenue Service (IRS)

Updated Feb 14, 2023
By Melissa Cook
Internal Revenue Service (IRS)

The Internal Revenue Service (IRS) is a U.S. government agency that is responsible for the collection of taxes and enforcement of tax laws. The IRS is part of the Department of the Treasury and...

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Debt Financing

Updated Feb 14, 2023
By Melissa Cook
Debt Financing

The borrower (i.e. the company) promises to repay the lender (e.g. a bank) with interest over a set period of time. Unlike equity financing, where the lender receives ownership in the...

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Unsecured Loan

Updated Jan 30, 2023
By Melissa Cook
Unsecured Loan

An unsecured loan is a loan that is not backed by collateral. This means that the lender does not have a claim to any specific assets of the borrower in the event of default...

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Insolvency

Updated Jan 30, 2023
By Melissa Cook
Insolvency

Insolvency refers to the state of being unable to pay debts as they come due. It is a financial term that is often used to describe a company or individual that is facing financial...

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