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What else can I help you with?
Who invented the credit default swap?
Credit default swaps were invented with collateralised debt obligations in 1995 by Ms. Blythe Masters, a 34-year Cambridge graduate who was then the head of JP Morgan's Global Credit Derivatives group.
Is the Social Security Trust Fund part of the national debt?
The $2.5 Trillion of debt obligations held by the SS Trust Fund are most certainly part of the National Debt. The obligations are legally parri passu (equal under the law) with the debt held by the public.
What is the purpose of credit rating agency?
A credit rating agency assigns credit ratings to certain types of debt obligations and debt instruments.
What do you call a person who can't pay their debt?
A person who cannot pay their debt is often referred to as a "debtor." If they are unable to meet their financial obligations, they may also be described as "insolvent" or "bankrupt" if they have filed for bankruptcy protection. In informal contexts, they might simply be called "broke."
What is the Difference between a CDO and CLO?
Essentially not a great deal! A Collateralised Debt Obligation (CDO) is a product whereby a Special Purpose Vehicle (SPV) is populated with a wide variety of assets. The returns from these assets are then split by risk such that depending on your risk aversion/investment profile you can buy highly rated tranches of a CDO with lower rates of return, or alternatively more risky tranches with higher rates of return. A Collateralised Loan Obligation (CLO) only has loans in the SPV.
Why cost of equity is higher than cost of debt?
The cost of equity is higher relative to the one of debt, because when selling equity you are effectively offering a share of your future performance. And this may amount to much more than the simple interest rate a creditor will charge you. Thus successful company ventures are often financed with debt (when available) so profits remain in the company.
What are the responsibilities and obligations of a mortgage consumer debt holder?
The responsibilities and obligations of a mortgage consumer debt holder include making timely payments, maintaining the property, paying property taxes and insurance, and informing the lender of any changes in financial circumstances.
Can you change your debt to income ratio?
Your debt-to-income ratio is your total monthly debt obligations divided by your total monthly income. Increase your income or lower your debt payments to have a more favorable debt-to-income ratio. How do the credit companies know your income?
Can you get a judgment while being under debt counselling?
Yes. Credit counselling and debt management can help you pay off your debt, but they do not eliminate your obligations your creditors until the debts have been fully paid.
What is debt covenant?
I found this article quite useful - it explains debt covenants: http://www.financial-modelling.net/tutorials/finance/debt-covenants
The most rigorous test of a firm's ability to pay its short-term obligations is its?
debt-to-assets ratio.
Is the estate liable for the debt on a surviorship deed?
The estate is liable for the obligations of the deceased. They would have to settle the debts.
