no journal entry required
Yes, a mortgage is generally considered good debt because it is an investment in a valuable asset, such as a home, that can potentially increase in value over time.
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.
Debt is considered time-barred when the statute of limitations for collecting it has expired. You can determine if your debt is time-barred by checking the statute of limitations for debt collection in your state and seeing if the time period has passed since the last activity on the debt.
For you to have a capital gain on your investment, the value of the investment needs to increase from the time you bought it to the time you sell it.
It legthened the time to pay the loans and decreased monthly payments. But this also raised the interest on the debt.
Yes, a mortgage is generally considered good debt because it is an investment in a valuable asset, such as a home, that can potentially increase in value over time.
Net debt applies to individuals, companies, state or provincial governments, and countries. It is a measure of liabilities less cash and cash equivalents at any particular point in time. Governments report it as per capita, i.e. the net debt divided by the population. Definitions of net debt can be found online at investment sites and in investment journals and magazines. Political and economic institutions define and report governments' and countries' net debt.
Typically the company doing the acquiring goes down while the company being acquired goes up in an acquisition. This is not always the case but historically a large majority of the time this is what happens.
Bank doesn't re-affirm...the debtor does. If bank does not foreclose, the debt still exists, and grows. They just may some other time.
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.
Your creditors are entitled to be paid from any assets you have at the time of your death. Generally, if you have no assets they are out of luck.
Debt is considered time-barred when the statute of limitations for collecting it has expired. You can determine if your debt is time-barred by checking the statute of limitations for debt collection in your state and seeing if the time period has passed since the last activity on the debt.
The time after something has been acquired
For you to have a capital gain on your investment, the value of the investment needs to increase from the time you bought it to the time you sell it.
Certainly yes. Time investment and its management can lead you to your dreams.
Certainly, it happens all the time. But it is not easy and the requirements vary by jurisdiction.
It legthened the time to pay the loans and decreased monthly payments. But this also raised the interest on the debt.