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In budgeting, the term for the inability to pay debt is "insolvency." This occurs when an individual or organization cannot meet their financial obligations as they come due, resulting in an inability to pay off debts. Insolvency may lead to bankruptcy proceedings or other legal actions to address the outstanding liabilities.
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What is the term for the inability to pay debts?
The term for the inability to pay debts is "insolvency." Insolvency occurs when an individual or organization cannot meet their financial obligations as they come due, leading to potential bankruptcy proceedings. This situation can arise from various factors, including poor financial management or unexpected economic downturns.
Which term is defined as the inability to pay monthly mortgage payments in a timely manner or otherwise meet the mortgage terms?
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Which term is defined as the inability to pay monthly mortgage payments in a timely manner or to otherwise meet mortgage terms?
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Budgeting is about?
Budgeting is about doing the best you can do with your money. You budget so you will have enough money to pay your bills and know where you money is going.
Is it true that Short-term financing is risky because of the possibility of rising short-term rates and the inability of always being able to refund short-term debt?
This statement would be true. Short-term financing is risky because there may not always be income to pay off the short term debt.
What the difference between short-term intermediate and long-term budgeting goals?
Short term... budgeting from one pay-day to the next. Medium term... budgeting for a larger expense (such as a holiday) Long term... budgeting for a very big expense (ie a car or house)
Which term is defined as the inability to pay monthly mortgage payments in a timely manner or to otherwise meet the mortgage terms?
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Which term is defined as the inability to pay monthly mortgage payments in a timely manner or otherwise meet the mortgage terms?
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Which term is defined as the inability to pay monthly mortgage payments in a timely manner or to otherwise meet mortgage terms?
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What do Americans call pay as you go?
In the United States, "pay as you go" is often referred to as "pay-as-you-go" or simply "PAYGO." It typically describes a budgeting approach where expenses are covered by current revenues rather than borrowing. This term is commonly used in relation to government budgeting and fiscal policy, as well as in personal finance contexts where individuals aim to avoid debt.
Budgeting is about?
Budgeting is about doing the best you can do with your money. You budget so you will have enough money to pay your bills and know where you money is going.
What is meant by the term insolvency?
Insolvency is a term used to describe the inability for a business to pay its debts. When a business racks up more liabilities than assets (ie more debt than money) they are in insolvency. This usually results in bankruptcy.
can a probation officer violate the probation due to inability to pay?
If you mean inability to pay a fine then yes because just getting a fine would be a crime so a violation.
Is it true that Short-term financing is risky because of the possibility of rising short-term rates and the inability of always being able to refund short-term debt?
This statement would be true. Short-term financing is risky because there may not always be income to pay off the short term debt.
How do you make capital budgeting?
by considering npv analysis , irr and pay back period
What factor does not affect the safety of an illegal immigrant?
A+ Inability to pay taxes.
When a person a legal declaration of the inability to pay debts it is called?
mean test
