Certified Valuation Analyst (CVA) Definition.

A Certified Valuation Analyst (CVA) is a professional who has been certified by the National Association of Certified Valuators and Analysts (NACVA) after completing a rigorous course of study and passing a comprehensive exam. A CVA is someone who is qualified to provide accurate valuations of businesses and intangible assets. This can be useful for … Read more

Price Elasticity of Demand: Meaning, Types, and Factors.

. Price Elasticity of Demand: Meaning, Types, and Factors What are the two types of income elasticity? Income elasticity of demand is a measure of how demand for a good or service changes in response to a change in consumers’ incomes. There are two types of income elasticity of demand: 1. Positive income elasticity of … Read more

Right of Redemption Definition.

The right of redemption is the legal right of a homeowner to reclaim their home from foreclosure. This right is typically only available during the pre-foreclosure period, and allows the homeowner to redeem the property by paying the outstanding mortgage balance in full. Once the foreclosure process has begun, the right of redemption is typically … Read more

How Shotgun Clauses Work.

A shotgun clause is a type of clause often found in business contracts that allows either party to the contract to terminate the agreement if the other party fails to meet certain obligations. The clause gets its name from the fact that it allows one party to “shoot” the other party out of the contract. … Read more