Created by Daria Demina
about 10 years ago
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Question | Answer |
Foreclosure | A situation in which a homeowner is unable to make full principal and interest payments on his/her mortgage, which allows the lender to seize the property, evict the homeowner and sell the home, as stipulated in the mortgage contract. |
Impairment Charge | new term for writing off worthless goodwill |
Retained Earnings | The percentage of net earnings not paid out as dividends, but retained by the company to be reinvested in its core business or to pay debt. |
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