For example, you may have
large debt obligations from student loans or a mortgage that you do not want to be passed on to someone else.
For instance, unlike in the past when many who were over age 65 had their home mortgage paid off and no other
large debt obligations, today — due in part to the fact that people are living much longer — it is not uncommon for someone who is a senior to still have a large amount of mortgage debt, car loan (s), and / or credit card debt.
Frequently, some or all of these proceeds will be used for paying off
large debt obligations — such as a home mortgage — and / or for paying ongoing living expenses.
If, however, the policyholder chooses to do so, he or she can either borrow or withdraw the money that is in the cash value component of a burial insurance policy — and they can do so for any reason, such as paying off
large debt obligations, supplementing their living expenses in retirement, or even for going on a cruise or taking a vacation.
Similarly, if you have too many
large debt obligations — such as student loans, car payments and a mortgage — you may be denied a limit increase.
A common thread for those states, according to the study, is relatively low amounts of cash on hand and
large debt obligations.
And once your mortgage is gone and paid for, your single
largest debt obligation will no longer exist.
Not exact matches
SecondMarket is the
largest centralized marketplace and auction platform for illiquid assets, such as asset - backed securities, auction - rate securities, bankruptcy claims, collateralized
debt obligations, limited partnership interests, private company stock, residential and commercial mortgage - backed securities, restricted securities and block trades in public companies, and whole loans.
More recently, the world's
largest economy flirted with defaulting on its international
debt obligations.
I hate it when people default on their
debt obligations, which is why I haven't invested
large sums of money in P2P.
Eventually, the bailout program for Greece was extended — in return for Greece's commitment to honor its
debt obligations and conduct structural reforms — within four months (the end of June), just weeks before Greece's due date to make several
large debt repayments.
However, a
large debt like a mortgage, a student loan, or another auto loan will lower your score because of the payment
obligation, and if you have no history your score will be low because you're an unknown quantity.
Until we observe
large - scale restructuring of mortgage
debt and the
debt obligations of major financial institutions, we will be applying trillion dollar band - aids while the underlying cancer metastasizes.
Credit card
debt represents a
large portion of many American's financial
obligations.
As a matter of fact, if you have
large amounts of
debt showing on your credit report, lenders may offer you attractive settlement plans, as they may fear that you would use bankruptcy protection to run away from your
obligations.
But as Lenore Davis, a registered financial planner with Dixon, Davis & Co. in Victoria, points out, «your mortgage is probably the
largest financial
obligation you will ever have and payments come out of after - tax dollars, so it's very expensive
debt.»
If a
large group of borrowers can default on securitized
debt, spurring federal action to relieve these group of borrowers of their
debt obligations.
In the case of
large monthly
obligations like mortgages or school loans, managing
debt can be extremely difficult.
The collateralized
debt obligation in particular enabled financial institutions to obtain investor funds to finance subprime and other lending, extending or increasing the housing bubble and generating
large fees.
Even when applying online,
larger loan amounts will often need to be underwritten by someone within the company who checks a borrower's documentation, other
obligations, and
debt - to - income ratio.
Known as collateralized
debt obligations, these new instruments were also a type of derivative, and were even
larger and more diversified than mortgage - backed securities.
A new financial tool known as a collateralized
debt obligation (CDO) became prevalent among
large investment banks and other
large institutions.
This is especially helpful if you are having a hard time managing a
large number of
debt obligations.
Surety bonds, like most bond issues, tend to be quite
large and therefore the issuing organization assumes more risk should the company which took on the
debt go out of business or fail to meet financial
obligations of the issuance.
The same applies to refinancing; reducing the maximum amount you can take out by five percentage points is not a
large amount, but it does reduce the monthly finance
obligation, one way to trim runaway
debt payments.
This means your monthly
debt obligations take up a
large chunk of your gross monthly income.
In 2010, BrightSource whose
largest shareholder was Kennedy's VantagePoint Partners, had $ 1.8 billion of
debt obligations and had lost $ 71.6 million.
If your business has
large amounts of
debt and is in need of extended time to meet its financial
obligations, a Chapter 11 bankruptcy could be an option that works for you.
«It's important for both working and non-working spouses to have life insurance,» says Kristi Sullivan, CFP ®, Sullivan Financial Planning, LLC, Denver, Colo. «For the working spouse, you want to have enough insurance to cover
large debts (mortgage), future
obligations that can no longer be funded by the earnings of the deceased (college, retirement) and living expenses for the family.
This coverage can also be a good way to ensure that a loved one is not left having to pay
large debts, such as a home mortgage or other financial
obligations.
Buyers can choose a term based on their longest - term financial
obligation, whether it's a mortgage, their children's college years or another
large debt.
Most often, term life insurance is purchased to cover a
large debt, such as a mortgage or another financial
obligation.
When representing a tenant client, why is it better to negotiate personal guaranty — which makes the business owner personally liable for
debts and
obligations — out of a lease in place of a
larger security deposit or extra limitations?