Cash loans oakland ca

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Cash loans oakland ca

Debt Service Amount of payment due regularly to meet a debt agreement; usually a monthly, quarterly or annual obligation. 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 to an agreement or legal dispute, for example, the failure of the 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 cash loans oakland ca assumptions and facts presented by a borrower.

This includes verifying sources of income, accuracy of financial statements, value of assets that cash loans oakland ca serve as collateral, the tax status of the borrower and any other material facts presented by the borrower.

Cash loans oakland ca

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Cash loans oakland ca