Financial distress refers to a situation when a person or a company is experiencing serious money problems or difficulties. It means that they may have trouble paying their bills, debts, or other financial obligations. They are likely to face financial hardships and may require assistance or take actions to recover from this distressing situation.
Full definition
Without adequate payment, you may end up
in financial distress as you attempt to pay for your medical care out of pocket.
I'll start by identifying a few telling symptoms, and eventually go down to the typical root causes
of financial distress.
The whole point of health insurance is to provide coverage for unforeseen events that can
cause financial distress for the insured.
«Recovery plans required of the largest banks are helpful in ensuring banks and regulators are prepared to manage periods of
severe financial distress or instability affecting the banking sector,» he said.
It's for people without appropriately large emergency funds to live off if they lose their job or otherwise fall
into financial distress.
These damages will need to be accounted for in your settlement amount so you don't find yourself in
future financial distress.
Unfortunately, in the event of divorce, the other spouse has no idea how to deal with their finances, leaving her / him at great risk for
financial distress after a divorce.
Because people who are experiencing
financial distress often apply for new credit, your credit score is reduced each time you fill out a new credit application or get a new account.
Our corporate restructuring practice helps businesses
overcome financial distress, survive current volatility, and prepare for future success.
Our district is in as much or
more financial distress with the expansion of school choice programs beyond our ability to support them.
The instrument carries a letter of support from the Malaysian government but trades at just 86 cents on the dollar,
indicating financial distress.
The heart of credit counseling is providing relief to consumers in
financial distress through intervention, guidance, and education.
Rising interest rates at the same time as
global financial distress can be a potent combination, as they were in 2006 and 2007.
You may have heard of it already, it is called credit counseling and it has helped literally millions of consumers in
financial distress over the years.
If you
exhibit financial distress and not just trying to avoid paying a creditor, then you will go to the next step of the debt reduction program.
That may be true in the short run but could lead to future
financial distress unless the student understand the 5 things a credit card should be used for.
In other cases, the decrease could signal
major financial distress and push underwriters to ask for more documentation or reject the loan.
We have long recognized that
financial distress comes in many shapes and sizes and no one service can address the needs of all consumers.
From the quick to the complex, we provide education, information and personalized answers to all of your credit card, personal loan and
financial distress questions.
Additional Benefits: Policies come with a critical illness benefit which helps to
ease financial distress should something occur.
But at the same time none of us would want to see us our family landing up in
acute financial distress after we pass away.
When you're running a business, the ultimate sign
of financial distress is usually running out of cash — you just don't have any money left.
The pricing is extremely affordable compared to the other forms of life insurance with a high monetary coverage for the policyholder ensuring unforeseen situation doesn't
cause financial distress.
When you buy term life insurance, you're probably buying it to insure some sort of debt — most often a mortgage — that would cause
financial distress if you passed away.
A patient may be dealing with an unexpected illness or diagnosis, they may be in pain, or they may be in
financial distress due to medical bills.
Phrases with «financial distress»