Credit History

A credit history is the record of how a person has managed his or her credit in the past, including total debt load, number of

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Covenant

A covenant is a promise on the part of businesses that borrow money to uphold certain conditions stated in its loan agreement. They’re meant to

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Consumer Bankruptcy

If you’ve accumulated debt on personal expenses, then you have consumer debt. Consumer bankruptcy refers to the type of personal bankruptcy filed to reduce this

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Chapter 7

Chapter 7 refers to a chapter of the bankruptcy code that provides for “liquidation.” Under Chapter 7, your debt is discharged, but your nonexempt property

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Chapter 12

Chapter 12 is a special type of bankruptcy intended specifically for someone meeting the definition of “family farmer” or “family fisherman.” The person also must

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Chapter 13

Chapter 13 bankruptcy allows private individuals to keep your property but must pay back a portion or the entirety of their debt over a 3-

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Capitalized Cap Cost

Capitalized cap cost is the sales price of a car being financed with a lease. It includes the car’s negotiated price plus any additional costs

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Capitalization

Capitalization has multiple meanings. In accounting, capitalization refers to the process of expensing the costs of attaining an asset over the life of the asset,

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Wire transfer

A wire transfer, also called a bank wire or a bank transfer, refers to the movement of funds between people or entities over an electronic

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