Explain how unanticipated inflation affects creditors, debtors, and savers. Whom does inflation hurt the most? What is meant by cost-push inflation? What are the causes of cost-push inflation? What is the effect of demonitisation on inflation?
In what way is the U.S. public debt actually more than reported? Define " Mortgage " What is sovereign default? In your opinion, are defaults more costly for creditors or debtors? Justify your answer. Define: Treasury bill. An amount of money that you owe to other people is called what...
It is an incomplete system of recording business transactions. In this entry method, the business organization maintains only cash books and personal accounts of debtors and creditors. 2. Double Entry Method: It this method, every business transaction is having two effects with equal debits and cre...
Debtors who neglect to make payments on secured debt unless the debtor can show how they will deal with the debt; A secured debt is not adequately protected, meaning there is no insurance on the collateral, or there is a pretty high chance the debtor will not make future payments. ...
Bankruptcy is a high-stakes game for creditors and debtors. Understanding the process steps of a Chapter 11 reorganization is critical for related parties looking to protect their interests.
This method is commonly used to transfer an employee's salary, tax refunds, investmentredemptions, payments from retirement accounts, and government benefits like Social Security. Bill payments are also made using direct deposits from debtors to creditors. For instance,taxpayershave the option to rece...
The Chapter 7 “means test” allows debtors to determine whether their income is low enough to qualify for Chapter 7 bankruptcy. The formula is meant to prevent debtors with higher incomes from obtaining Chapter 7 bankruptcy relief. If the debtor has a significant level of debt, they may ...
meant to back up your bankruptcy claims. When debtors file for bankruptcy, they make statements about their income, properties, taxes, and other financial information. During the meeting you will need to bring certain documents that help prove that what you included in your petition is as ...
Demat Account: A Demat account is used by individuals to hold shares in electronic form. When opening a Demat account, a cancelled cheque, a form for opening an account, and other KYC documents such as proof of identity, proof of address, and so on must be submitted to the stock brokerag...
Because they come with some security, unsubordinated debt lenders normally charge lower interest rates to their debtors. After unsubordinated debt lenders are paid, any remaining money goes topreferred stockholders, subordinated debt, followed by common shareholders. ...