Acceleration, in finance, refers to the speeding up of a financial obligation, such as a loan or mortgage. This can happen voluntarily, as in the case of prepayment, or involuntarily through default. In either...

Bankruptcy is a legal process where an individual or business unable to pay their debts can get a fresh start. It allows them to either restructure or eliminate their debt obligations and protect their...

A home equity loan is a type of loan in which the borrower uses their home as collateral. The loan amount is determined by the equity in the home, or the difference between the...

Equity, in finance, refers to the value of ownership in a company. This can be measured by subtracting the company's liabilities from its assets. In other words, equity represents the portion of a company...

Family loans can be an effective way to lend or borrow money in a pinch. Learn all about family loans and what you need to know before you agree to one.

A debt service coverage ratio (DSCR) is a financial metric used to assess a borrower's ability to pay back debt obligations. This ratio applies primarily to businesses or individuals taking on debt, such as...

There are several types of loans available, including personal loans, home loans, student loans, and business loans. Each type of loan has its own terms and conditions, which the borrower must agree to before...

A credit card is a plastic card that gives the cardholder a certain amount of credit to spend. There are many different types of credit cards, each with its own set of benefits and...

As of 2022, the national debt is estimated to be around $30 trillion! While data from the U.S. Treasury shows that not all presidents contributed equally to the national debt, historians often debate...