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What is the definition of credit card debt?
Credit card debt occurs when a consumer uses their credit card in excess and are unable to pay the bill. Often times the consumers has more than one credit card and they use them all and get into more debt.
What is the amount of money you still owe to their credit card company called?
It's called the outstanding balance - or more accurately... debt !
Is mortgage considered a good debt?
Mortgage debt is generally considered a good debt because it is used to purchase an asset that typically appreciates in value over time. Additionally, mortgage interest rates are often lower than other types of debt, making it a more favorable borrowing option.
What is the common definition of convertible debt?
A convertible debt is often a term heard in the finance business. By definition is it a type a bond, which has a maturity of 10 years or more, which is then converted into stocks or cash of equal value.
Is a mortgage considered a good debt?
A mortgage is generally considered a good debt because it is an investment in a valuable asset, such as a home, that can potentially increase in value over time. Additionally, mortgage interest rates are often lower than other types of debt, making it a more affordable form of borrowing.
What effect does refinancing a long-term basis with some currently maturing debt on the debt to equity?
i thought NO EFFECT on a DEBT TO EQUITY RATIO, since LongTerm Obligation or ShortTerm Obligation both are debts anyway. Neither increased, nor decreased the debts. So, the DEBT TO EQUITY remains unchanged. (I hope this is right)
How did the Roosevelt corollary impact the US?
took action when Latin America had debt problems
What is the definition of credit card debt?
Credit card debt occurs when a consumer uses their credit card in excess and are unable to pay the bill. Often times the consumers has more than one credit card and they use them all and get into more debt.
What did the us do as a result of the corollary?
It often sent troops to nations in Latin America.-It often became involved in debt problems in Latin America
Why do teenagers need more sleep than adults?
because they are physically maturing and need more sleep.
What is the amount of money you owe to the credit card company called?
It's called the outstanding balance - or more accurately... debt !
What is the amount of money you still owe to their credit card company called?
It's called the outstanding balance - or more accurately... debt !
What is the main cause for US debt?
At its simplest definition, if the government spends more then it gains, in a single year, then it has, what is called a 'budget deficit'. If there is a deficit, it adds to the US debt.
What are good tips for creating your own debt management plan?
The most important thing to consider is the cost of borrowing. By consolidating one's debt, one can often get a lower interest rate and make it more manageable to pay off the debt.
When the U.S. government spends more than it receives within a fiscal year this is called?
National Debt
When the federal government spends more money than it takes in it borrows more money to make up the difference what is this called?
Various things; The national debt The deficit Public borrowing Public debt Carelessness Irresponsibility
Is mortgage considered a good debt?
Mortgage debt is generally considered a good debt because it is used to purchase an asset that typically appreciates in value over time. Additionally, mortgage interest rates are often lower than other types of debt, making it a more favorable borrowing option.
