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When a person or company is no longer able to pay the amount of debt they owe, they can file bankruptcy and be given options for relief.
There are different types of bankruptcy filings available (found here — chapters 7-15) in different situations to people and businesses. Before filing, the debt would have to have accumulated to a point where there is no mathematically feasible way to repay it all. There may be a way to repay some of it, however.
It may mean that a business is able to continue to keep its doors open, with payment plans to service some of the outstanding debt, but this is likely after some assets have been liquidated to settle some of the creditors' claims.
Obviously, this process is going to affect the creditworthiness of the entity filing, but the idea is that the filing party is able to move forward with a fresh start and a manageable amount of debt.
A call option is a type of contract that allows the contract holder to purchase an underlying stock at a specific price
Some advisors have practices that focus on specific types of investments or niche markets
Some investors become somewhat obsessive about their portfolio, and it can cause them to lose focus at their own job...
Forex trading can be profitable but it can also be risky. The daily volume of FOREX is about 3 trillion dollars
Accrued Interest applies to a bond or loan, accounting for the interest that is calculated per diem for the time
Account Number — Financial Definition
The rating in question here, B3/B-, is on the low end of the “Highly Speculative” subset. Risk of defaulting is over 20%
The Federal Reserve Bank is a 12-bank system in the United States that plays the role of the country’s central bank
Foreign aid constitutes one of the major forms of asset transfer between different parts of the world
The Commodity Selection Index (CSI) is a momentum indicator based on movement. It helps traders find momentum in futures