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What does 'Mammon' mean?
The word "mammon" means wealth, or greed associated with wealth, at least in Biblical terms. In German, the word means money. In Arabic, it can mean financial trust held for someone else.
What are the risks associated with taking out a subprime loan?
Taking out a subprime loan comes with risks such as higher interest rates, stricter terms, and the potential for default or foreclosure if you are unable to make payments. These loans are typically offered to individuals with poor credit history, making them more vulnerable to financial difficulties.
What does bailout mean?
See: http://en.wikipedia.org/wiki/Bailout Bailout refers to the action of helping out somebody in trouble. You can compare the bailout in financial terms to the bail or parol we get for someone in jail. In bailout, a company with strong financial status offers to help a company that is in dire financial needs. Such a scenario is where the stronger company bails out the weaker one.
What does financial liberalization mean?
Financial Liberalization refers to deregulation of domestic financial market and liberalization of the capital account.
What impact do sovereign credit default swap spreads have on global financial markets?
Sovereign credit default swap spreads can impact global financial markets by signaling the perceived risk of a country defaulting on its debt. High spreads can lead to increased borrowing costs for the country, affecting its ability to access capital. This can also cause ripple effects in other markets, influencing investor confidence and overall market stability.
What does standard settings mean in computer terms?
default standing
How can a single mother with default loans get financial aid?
If you are in default on federal student loans you are not eligible for financial aid until you get them out of default.
What does goods mean in financial terms?
anything bought or sold
Do the terms financial reporting and financial statement mean the same thing explain?
No they do not mean the same thing. Financial reporting is the more indept report. A financial statment are a subset of the total information in the financial report.
What do you mean by performance?
An NPA, or non-performing asset is a classification used by financial institutions that refers to loans that are in jeopardy of being in default.
What do you mean by performing asset?
An NPA, or non-performing asset is a classification used by financial institutions that refers to loans that are in jeopardy of being in default.
What does 'tranche' mean in financial terms?
Tranche is a derivative of the same french word meaning "slice." In financial terms it means a part of a transaction, for example an investment could be divided by tranches and have varying terms and returns depending upon the tranche.
What do you mean by non-performing asset?
An NPA, or non-performing asset is a classification used by financial institutions that refers to loans that are in jeopardy of being in default.
What are the differences between subcontractor default insurance and bond in terms of providing financial protection against subcontractor defaults?
Subcontractor default insurance and bonds both provide financial protection against subcontractor defaults, but they work in different ways. Subcontractor default insurance reimburses the general contractor for costs incurred due to a subcontractor default, while bonds guarantee that the subcontractor will fulfill their obligations. Bonds require a third-party surety to pay if the subcontractor defaults, while insurance is a direct reimbursement to the general contractor.
Can you explain what does "in credit" mean in financial terms?
"In credit" in financial terms means that a person or entity has a positive balance in their account or has money owed to them. It indicates that they have funds available to use or that they are owed money by someone else.
What does 'deemed to be in default' mean?
"Deemed to be in default" means that a party is considered to have not fulfilled their obligations under a contract or agreement as specified, leading to a breach of the terms outlined in the agreement. This typically grants the other party the right to take appropriate actions as outlined in the agreement to address the default.
What is the difference between delinquency and default?
Delinquency refers to a situation where a borrower fails to make a scheduled payment on time, while default occurs when a borrower fails to repay a loan according to the terms agreed upon in the loan agreement. Delinquency can lead to default if the missed payments continue, though not all delinquencies result in default. Default is a more severe consequence that can have serious financial repercussions for the borrower, such as damage to their credit score and potential legal action by the lender.
