Terms with Tag Debt

  • Bad Debt Definition,
    • Money that cannot be collected is considered bad debt. Businesses can deduct bad debts under certain circumstances. If a bad debt is personal, it can also be deducted in some instances as a short-term capital loss.
  • Certificates for Amortizing Revolving Debts (CARD)Acronym,
    • Collateralized Debt Obligation (CDO)Acronym,
      • Consumer Debt Definition,
        • Debts incurred for personal, as opposed to business, needs.
      • Credit Counselling Services of Alberta (CCSA)Company, Alberta, Canada,
        • Debt and Debt-Service Reduction (DDSR)Acronym,
          • Debt Consolidation Definition,
            • The replacement of multiple loans with a single loan, often with a lower monthly payment and a longer repayment period. It's also called a consolidation loan. CanEquity has access to Canada's best debt consolidation products, for more info about debt consolidation see our debt consolidation page.
          • Debt Coverage Ratio (DCR)Acronym, Important,
            • Debt Exchangeable for Common Stock (DECS)Acronym,
              • Debt Issues Definition,
                • The issuance of bonds or other forms of debt on the public markets.
              • Debt Service Ratio (DSR)Acronym, Important,
                • Debt Service Reserve Fund (DSRF)Acronym,
                  • Debt to Income (DTI) Acronym, Important,
                    • The percentage of an individual's income that is used to repay debt.
                    A ratio used by mortgage lending underwriters when determining an individual's credit worthiness and their ability to service a mortgage loan.
                  • Debt-to-Income Ratio Definition,
                    • The percentage of an individual's income that is used to repay debt.
                  • Debt/Equity Ratio Definition,
                    • A comparison of debt and equity used to measure the health of a business.
                  • Debtor Definition,
                    • Anyone who owes money to a creditor.
                    • A person who has filed a petition for relief under the bankruptcy laws.
                  • Deed to Secure Debt (DSD)Acronym,
                    • Fair Isaac Corporation (FICO) Company Est. 1956,
                        Introduced the FICO® Score used in credit reports.
                      • Farm Debt Mediation Service (FDMS) Company, Canada,
                        • Gross Debt Service (GDS) Acronym, Very Important,
                          • The total monthly mortgage (or rent) payments, property taxes, utilities and maintenance fees as a percentage of gross monthly income.
                          Used by mortgage lender underwriters to determine one's ability to qualify for a mortgage loan.
                        • Gross Debt Service Ratio (GDSR)Acronym,
                          • Home Equity Debt Definition,
                            • Debt secured by your home.
                          • Non-dischargeable Debt Definition,
                            • Debt that cannot be eliminated in bankruptcy such as Federal taxes.
                          • Non-recourse Debt Definition,
                            • A loan secured by collateral where the borrower is not personally liable.
                          • Previously Rescheduled Debt (PRD)Acronym,
                            • Secured Debt Definition,
                              • A debt that is secured by a lien on debtor's property that may be taken by the creditor in case of non-payment by the debtor. A common example is a mortgage loan.
                            • Total Debt Service (TDS) Acronym, Important,
                              • The ratio of a borrower's total monthly debt payments to his or her monthly gross income. Lenders use this ratio to determine how much of a loan a borrower is qualified for.
                            • Total Debt Service Ratio (TDSR)Acronym,
                              • Unsecured Debt Definition,
                                • Debt that is not guaranteed by the pledge of any collateral. Most credit cards are unsecured debt, which is a main reason why their interest rate is higher than other forms of lending, such as mortgages, which employ property as collateral.
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