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Dependent: How One Is Defined Updated Nov 30, 2022 By Melissa Cook

A dependent is someone who relies on another individual for the financial support they need to meet their basic expenses.... Read More

What Is Debt? Updated Nov 30, 2022 By Minh Tong

Debt is money that you owe to another person or company. It usually comes in the form of a loan,... Read More

Liquidation: What It Is And How It Works Updated Nov 30, 2022 By Melissa Cook

Liquidation is a process in which assets of a company are sold off to settle its debts. Read More

What Is An Interest Rate? Updated Nov 30, 2022 By Melissa Cook

Interest rates are the cost of borrowing money. The amount charged for this loan is commonly referred to as the... Read More

The Debt Ceiling (What It Is And Its Impact On You) Updated Nov 30, 2022 By Minh Tong

Debt ceiling is a term that refers to the maximum amount of money that can be legally borrowed by the... Read More

What Is A Guarantor? Updated Nov 21, 2022 By Minh Tong

A Guarantor is the person who promises that a borrower will pay back his or her debts. Read More

Debt Consolidation: What It Is And How It Can Work For You Updated Nov 21, 2022 By Melissa Cook

Debt consolidation is the process of combining all your debt (credit card, mortgage, student loan) into one monthly payment. A... Read More

What Is A Credit Report? Updated Nov 21, 2022 By Melissa Cook

A credit report is a detailed record of an individual's credit history, including their past and current loans and payment... Read More

Acceleration (And What It Means For Debtors) Updated Nov 21, 2022 By Minh Tong

Acceleration, in finance, refers to the speeding up of a financial obligation, such as a loan or mortgage. This can... Read More

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