1076001
Description
Flashcards by Daria Demina, updated more than 1 year ago
|
Created by Daria Demina
about 10 years ago
|
|
| Question | Answer |
| Foreclosure | A situation in which a homeowner is unable to make full principal and interest payments on his/her mortgage, which allows the lender to seize the property, evict the homeowner and sell the home, as stipulated in the mortgage contract. |
| Impairment Charge | new term for writing off worthless goodwill |
| Retained Earnings | The percentage of net earnings not paid out as dividends, but retained by the company to be reinvested in its core business or to pay debt. |
Want to create your own Flashcards for free with GoConqr? Learn more.