Definition: A type of debt that combines senior and subordinated debt into one debt instrument; it is usually used to facilitate a leveraged buyout. Read more
Read more →Definition: A type of bad debt that is so old a person may have forgotten he or she owed it in the first place. Read more
Read more →Definition: Unsecured debt backed only by the integrity of the borrower, not by collateral, and documented by an agreement called an indenture. Read more
Read more →Definition: Alternative Minimum Tax. An IRS mechanism created to ensure that high-income individuals, corporations, trusts, and estates pay at least some minimum amount of tax, regardless of deductions, credits or exemptions. Read more
Read more →Definition: The process of liquidating a debt over a period of time is the simple explanation of amortization. Read more
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