Business Terms and Jargon Explained

What is Foreclosure

This is the process of selling a property that is the collateral for a loan in default. Most large loans have assets used as security for a loan which will be sold to off to pay the debt. After the debt and cost have been recovered from the sale then anything else is given to the was loan holder.

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Credit limit Sui generis Factoring
Intermediate goods Equity Line Petition
Your Honour Shareholders PAYE
Open End Credit Write-off Tax Form - P45
Without Prejudice Won Intestate
Digital Signature MoneyGram Abscond
To adjourn Real Encode
Writ Agency agreement Customer
Assignee Call Back Pay Utilities Company
Commute Balloon Payment Community Acquis
Ingot Elephant Hunt EMEAR
WIP Dividend Crawler
HMAC Executrix-dative Blowfish

Term created / updated 2017-08-24 15:53:49

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