Business / Debt Glossary

Cap Rate: The discount rate used to determine the present value of a stream of future earnings. Typically this will be an appropriate risk-free return plus a premium to reflect the risk of that specif . . . View Full Definition

Cashcash: Is currency and coins on hand, bank balances, and negotiable money orders and checks.Ceiling The maximum interest rate permitted by state law for a given loan. A ceiling is a common feature . . . View Full Definition

CEO Chief Executive Officer: Is the executive who is responsible for a company's operations, usually the President or the Chairman of the Board.

Classified Property Tax: Property tax which varies in rate depending on the use of the propertyCredit Credit is an agreement in which a borrower receives something of value now and agrees to repay the lender later.

Creditor: A creditor is an individual or a company that is owed money by another person.

Currency: Any form of money that is in public circulation

DAS Administrator: The Accountant in Bankruptcy is the DAS administrator. They are responsible for maintaining the DAS Register which contains details of debt payment programs (DPPs), and for the approval of m . . . View Full Definition

DAS Approved Money Adviser: A DAS approved money adviser is a general money adviser who has received further training (and been approved by the DAS administrator) to act on behalf of the debtor to negotiate a debt paym . . . View Full Definition

Death Benefit:

Debt: Means any money that is owed or due to someone else.

Debt Capital: Debt Capital is the capital raised through the issuance of bonds.

Debt Consolidation: Debt consolidation is the replacement of multiple loans with a single loan, often with a lower monthly payment and a longer repayment period. It can also be called a consolidation loan.

Debt Payment Program (DPP): An agreement under the Debt Arrangement Scheme (DAS) that allows you to pay off your debts over an extended period of time. The program can be for any amount of money or for any reasonable l . . . View Full Definition

Debt Relief: The last resort for a debtor when dealing with debt where the debtor cannot pay their debts - bankruptcy. The debtor will lose control of their assets, possibly including their home and thei . . . View Full Definition

Debt-Equity Swap: Debt equity swap is a transaction in which existing bonds (debt) are exchanged for newly issued stock (equity). For example, an individual can in essence cancel a portion of their debt and t . . . View Full Definition

Deduction: An expense subtracted from adjusted gross income when calculating taxable income, such as for state and local taxes paid, charitable gifts, and certain types of interest payments.

Default Notice: This is a letter reminding a debtor that they haven't paid their debt. This must be issued by a creditor in respect of debts covered by the Consumer Credit Act 1974 before any further action . . . View Full Definition

Demand: The lender's statement of the amount due to pay of a loan.DiligenceWe all rely on people keeping their promises. If a promise is not kept the courts may order someone to pay what they are due.

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