Unsecured Loan.

An unsecured loan is a type of loan that is not backed by any collateral. This means that the lender does not have any claim on the borrower’s assets if they default on the loan. Unsecured loans are also known as personal loans or signature loans. The main advantage of an unsecured loan is that … Read more

Amount Financed.

The amount financed is the total amount of credit extended to the borrower by the lender. This includes the principal amount of the loan, as well as any other fees or charges that are included in the loan agreement. The amount financed is used to calculate the interest rate and monthly payments for the loan. … Read more

Accounts Receivable Aging: Definition, Calculation, and Benefits.

Accounts Receivable Aging: What It Is, How to Calculate It, and What Its Benefits Are What are the two types of accounts receivable? There are two types of accounts receivable: trade receivables and non-trade receivables. Trade receivables are amounts owed to a company by its customers for goods or services that have been delivered or … Read more

Book Building Definition.

The book building process is the pricing mechanism used in an initial public offering (IPO) in which investment banks and other major institutional investors seek bids from potential investors to determine the price at which the IPO will be offered. The book building process is used to generate interest in an IPO and to set … Read more