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If you take out a Mortgage and decided not to make payments, It is the interest that they should have collected during the time it took for them to foreclose and dispose of the property. It is truly a cost to the bank. Say the bank pays somebody 5% on a Certificate of deposit. They turn around and loan the money to you at 6%. When you don't pay they still have to pay the interest on the CD.
What else can I help you with?
How do you use the word foregone in a sentence?
We have foregone the chance to meet the Prime Minister to be on television instead. But that is just one.
What is the prefix for go?
semi
What is revenue foregone?
Revenue foregone is an adjustment to the rates tariff. It is a rates rebate that is generally available to all ratepayers of a particular category; e.g. residential land use. Therefore the revenue was never there to be collected (the revenue was foregone), and so should not be considered to be revenue in the first instance.
In economics what is cost?
cost of what you give up to get it
What does a foregone conclusion mean?
A foregone conclusion refers to an outcome that is anticipated or expected to happen based on the circumstances or evidence available. It suggests that the result is already determined or inevitable before it actually occurs.
What is the economic term for sacrifice foregone?
Opportunity cost or real cost.
Opportunity costs is best defined as?
The value of the best foregone alternative.
In YuGiOh can a ritual monster be special summoned from the graveyard after using Ritual Foregone?
No, because it wasn't 'properly' special summoned. To be able to special summon a Ritual Monster from the graveyard, it has to be initially summoned by Ritual Summon. Ritual Foregone does not Ritual Summon.
In a judicial sale of a house are you still responsible for any mortgage left on the property or is that foregone with the sale?
no
A good or service that is foregone by choosing one alternative over another is called a?
opportunity cost
What has the author Donna O'Sullivan written?
Donna O'Sullivan has written: 'Alleged affections' 'Foregone conclusions'
What does foregone mean?
It means that you knew the outcome before you wer aquanted with the paticular crcumstance. For example If some one was to fall out of an air plaine it would go without saying that you would be dead as soon as you hit the ground. This could be discribed as a foregone conclusion.
