Debt Service Reserve Term used to refer to cash reserves set 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 personal loans rates nz an agreement or legal dispute, for example, the failure of central bank of india personal loan mortgagor to pay a mortgage installment, or to comply with mortgage covenants.
Delinquent In a monetary context, something that has been made payable and is overdue and unpaid, Due Diligence Refers to the task of carefully confirming all critical assumptions and facts presented by a borrower. This includes verifying sources of income, accuracy of financial statements, value of assets that will serve as collateral, the tax status of the borrower and any other material facts presented by the borrower.
Endowment or Trust A fund that contains assets whose use is restricted only to the income earned by these assets. Equity The value of property in an organization greater than total debt held on it.
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