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Merchant cash advance nj

Generally, the higher the ratio, the greater the "cushion" between current obligations and a firm's ability to meet them. Debt An amount owed for funds borrowed. The debt may be owed to an organization's own reserves, individuals, banks, or other institutions. Generally, the personal loans quick approval is secured by a note, bond, mortgage, or other instrument that states repayment and interest provisions.

The note, in turn, may be secured by a lien against property or other assets. Debt Service Amount of payment due regularly to meet a debt agreement; usually a monthly, quarterly or annual obligation.

Debt Service Reserve Term used to refer to cash reserves merchant cash advance nj aside by a borrower, either by internal policy or lender covenant, to repay debt in the event that cash generated by operations is insufficient. Default A failure to discharge a duty.

The term is most often used to describe the occurrence of an event that cuts short the rights or remedies of one of the parties to an agreement or legal dispute, for example, the failure of the mortgagor to pay a mortgage installment, or to comply with mortgage covenants. Delinquent In a monetary context, something that has been made merchant cash advance nj and is overdue and unpaid, Due Diligence Refers to the task of carefully confirming all critical assumptions and facts presented by a borrower.

Merchant cash advance nj

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Merchant cash advance nj