What is Extinguishment of Debt? Extinguishment of debt occurs when debt is eliminated from a company’s balance sheet. This can happen for a number for…
What is an Inferior Good? In economics, an inferior good is a good whose demand has an inverse relationship with consumer income. This means that…
You’ll see the term “borrower” used when buying a new home, financing a car, or obtaining a business loan. Read on to learn about the…
When you run a company, debt is inevitable — especially during growth periods. If you take on too much, however, the payments can eat into…
For many small businesses, the day-to-day operations can be overwhelming. Keeping track of cash flow, invoices, customer receipts, and more can seem like too much…
Earnings before interest and taxes (EBIT) is an important concept when analyzing the financial performance of a company. Learn why EBIT is useful for your…
The 5 C’s of credit or the five characteristics of credit is a system that many lenders use for credit analysis. Lenders use this framework…
There are several different types of real estate ownership. In real estate law, it’s important to know ownership interest that property owners have. It’s especially…
If you own shares of a company, you may be wondering if you would get paid if the company went bankrupt tomorrow. Who determines what…
What Are Interim Financial Statements? Interim financial statements are financial statements covering a period less than one year. They are usually prepared on a year-to-date…