Debt
A debt generally refers to money owed by one party, the debtor, to a second party, the creditor. Debt is generally subject to contractual terms regarding the amount and timing of repayments of princi...
Debt - Wikipedia
LIVE: Students Take Over Campuses Demanding Free College
The nationwide free college protest is happening at over 120 campuses today. An unprecedented wave of action is sweeping across 120 college campuses today. Participants in the nationwide “Million Stu...
The Law And The Robot
Let’s get hypothetical. Say sometime in the future, a person purchases a household robot. Its functions extend to cleaning services, but it’s capable of learning new ways to clean over time, albeit in...
This brilliant pyramid outlines the 6 steps to financial success
You may have heard of the hierarchy of needs ... but what about the hierarchy of FIRE? It's the ranking of primary human needs for psychological well-being as described by American psychologist Abraha...
Debt bondage
Debt bondage (also known as debt slavery or bonded labor) is a person's pledge of their labor or services as security for the repayment for a debt or other obligation. The services required to repay t...
Collection agency
A collection agency also known as a debt collector, is a business that pursues payments of debts owed by individuals or businesses. Most collection agencies operate as agents of creditors and collect...
Debtors' prison
A debtors' prison is a prison for people who are unable to pay debt. Through the mid 19th century, debtors' prisons (usually similar in form to locked workhouses) were a common way to deal with unpaid...
Debtors' prison - Wikipedia
Government debt
Government debt (also known as public debt, national debt and sovereign debt) is the debt owed by a central government. (In the U.S. and other federal states, "government debt" may also refer to the d...
Government debt - Wikipedia
Insolvency
Insolvency occurs when an individual or a firm is unable to meet its financial obligations. Accounting insolvency happens when total liabilities exceed total assets (negative net worth).Cash-flow inso...
Loan
In finance, a loan is a debt provided by one entity (organization or individual) to another entity at an interest rate, and evidenced by a note which specifies, among other things, the principal amoun...
Mortgage
A mortgage loan, also referred to as a mortgage, is used by purchasers of real property to raise money to buy the property to be purchased or by existing property owners to raise funds for any purpose...
LIVE: Students Take Over Campuses Demanding Free College
The nationwide free college protest is happening at over 120 campuses today. An unprecedented wave of action is sweeping across 120 college campuses today. Participants in the nationwide “Million Stu...
Payday loans in the United Kingdom
Payday loans in the United Kingdom are typically loans of up to £500 to be repaid over a short term, or until "payday". In the absence of restrictions on interest rates the typical annual percentage r...
Student loan guarantor
A student loan guarantor is a guarantor who agrees to pay someone else’s student loan debt should he or she default on a loan. In the case of student loans in the United States, the government guarant...
The Law And The Robot
Let’s get hypothetical. Say sometime in the future, a person purchases a household robot. Its functions extend to cleaning services, but it’s capable of learning new ways to clean over time, albeit in...
Debt-snowball method
The debt-snowball method is a debt reduction strategy, whereby one who owes on more than one account pays off the accounts starting with the smallest balances first while paying the minimum on larger ...
Bad debt
A bad debt is an amount owed by a debtor that is unlikely to be paid due, for example, to a company going into liquidation. There are various technical definitions of what constitutes a bad debt, depe...
Peak debt
Peak debt is a term meaning borrowing limit, in the same way peak water is a term meaning water limit.Peak debt is the stage at which an economy or an individual's debt servicing costs become so high ...
TDX Group
TDX Group (The Debt Exchange) is a data and technology company that specialises in providing creditors platforms, tools and services to maximise returns from debt portfolios. TDX was founded in 2004 b...
TDX Group - Wikipedia
Money disorders
Money disorders are the maladaptive patterns of financial beliefs and behaviors that lead to clinically significant distress, impairment in social or occupational functioning, due to financial strain ...
Default (finance)
In finance, default is failure to meet the legal obligations (or conditions) of a loan, for example when a home buyer fails to make a mortgage payment, or when a corporation or government fails to pay...
Streamline refinancing
Streamline refinancing was introduced as a way to speed up the home refinancing process. By reusing the original loan's paperwork the process to refinance a home was reduced from a few months to only ...
Credit cycle
The credit cycle is the expansion and contraction of access to credit over the time. Some economists, including Barry Eichengreen, Hyman Minsky, and other Post-Keynesian economists, and some members o...
Payday loans in the United States
A payday loan (also called a payday advance, salary loan, payroll loan, small dollar loan, short term, or cash advance loan) is a small, short-term unsecured loan, "regardless of whether repayment of ...
Debt levels and flows
Debt is used to finance and pay for entreprises and business around the world. The levels of debt – how much debt is outstanding – and the flows of debt – how much the level of debt changes over time ...
Federal takeover of Fannie Mae and Freddie Mac
The federal takeover of Fannie Mae and Freddie Mac refers to the placing into conservatorship of government-sponsored enterprises Fannie Mae and Freddie Mac by the U.S. Treasury in September 2008. It ...
Federal takeover of Fannie Mae and Freddie Mac - Wikipedia