Terms with Tag Debt
- Bad Debt — Definition,
- Money that cannot be collected is considered bad debt. Businesses can deduct bad debts under certain circumstances. If a bad debt is personal, it can also be deducted in some instances as a short-term capital loss.
- Certificates for Amortizing Revolving Debts (CARD) — Acronym,
- Collateralized Debt Obligation (CDO) — Acronym,
- Consumer Debt — Definition,
- Debts incurred for personal, as opposed to business, needs.
- Credit Counselling Services of Alberta (CCSA) — Company, Alberta, Canada,
- Debt and Debt-Service Reduction (DDSR) — Acronym,
- Debt Consolidation — Definition,
- The replacement of multiple loans with a single loan, often with a lower monthly payment and a longer repayment period. It's also called a consolidation loan. CanEquity has access to Canada's best debt consolidation products, for more info about debt consolidation see our debt consolidation page.
- Debt Coverage Ratio (DCR) — Acronym, Important,
- Debt Exchangeable for Common Stock (DECS) — Acronym,
- Debt Issues — Definition,
- The issuance of bonds or other forms of debt on the public markets.
- Debt Service Ratio (DSR) — Acronym, Important,
- Debt Service Reserve Fund (DSRF) — Acronym,
- Debt to Income (DTI) — Acronym, Important,
- The percentage of an individual's income that is used to repay debt.
➥ A ratio used by mortgage lending underwriters when determining an individual's credit worthiness and their ability to service a mortgage loan. - Debt-to-Income Ratio — Definition,
- The percentage of an individual's income that is used to repay debt.
- Debt/Equity Ratio — Definition,
- A comparison of debt and equity used to measure the health of a business.
- Debtor — Definition,
- A person who has filed a petition for relief under the bankruptcy laws.
- Anyone who owes money to a creditor.
- Deed to Secure Debt (DSD) — Acronym,
- Fair Isaac Corporation (FICO) — Company Est. 1956, ➥ Introduced the FICO® Score used in credit reports.
- Farm Debt Mediation Service (FDMS) — Company, Canada,
- Gross Debt Service (GDS) — Acronym, Very Important,
- The total monthly mortgage (or rent) payments, property taxes, utilities and maintenance fees as a percentage of gross monthly income.
➥ Used by mortgage lender underwriters to determine one's ability to qualify for a mortgage loan. - Gross Debt Service Ratio (GDSR) — Acronym,
- Home Equity Debt — Definition,
- Debt secured by your home.
- Non-dischargeable Debt — Definition,
- Debt that cannot be eliminated in bankruptcy such as Federal taxes.
- Non-recourse Debt — Definition,
- A loan secured by collateral where the borrower is not personally liable.
- Previously Rescheduled Debt (PRD) — Acronym,
- Secured Debt — Definition,
- A debt that is secured by a lien on debtor's property that may be taken by the creditor in case of non-payment by the debtor. A common example is a mortgage loan.
- Total Debt Service (TDS) — Acronym, Important,
- The ratio of a borrower's total monthly debt payments to his or her monthly gross income. Lenders use this ratio to determine how much of a loan a borrower is qualified for.
- Total Debt Service Ratio (TDSR) — Acronym,
- Unsecured Debt — Definition,
- Debt that is not guaranteed by the pledge of any collateral. Most credit cards are unsecured debt, which is a main reason why their interest rate is higher than other forms of lending, such as mortgages, which employ property as collateral.
