by TheBusinessProfessor | Feb 23, 2025 | Banking, Lending, and Credit Industry
Update Table of Contents What is an Instructing Bank?What Does an Instructing Bank Do?Instructing Bank and Wire Transfer What is an Instructing Bank?A financial transaction that entails the transfer of funds between two parties require that the presence of two banks....
by TheBusinessProfessor | Feb 23, 2025 | Banking, Lending, and Credit Industry
Update Table of Contents What is an Alienation Clause?How Does an Alienation Clause Work?Mortgage Alienation Clause ConsiderationsAlienation Clauses in Insurance What is an Alienation Clause?An alienation clause is used in mortgage contracts, especially in commercial...
by TheBusinessProfessor | Feb 23, 2025 | Banking, Lending, and Credit Industry
Update Table of Contents What is an Asset-Conversion Loan?How Does an Asset-Conversion Loan Work? What is an Asset-Conversion Loan?This is a short-term loan that is paid for by selling an identified asset (such as inventory). They are common with seasonal businesses...
by TheBusinessProfessor | Feb 23, 2025 | Banking, Lending, and Credit Industry
Update Table of Contents What is the Write-Down of a Mortgage?How Does the Write-Down of a Mortgage Work?How to Secure a Mortgage Write DownThe Bottom Line What is the Write-Down of a Mortgage?A mortgage write-down is when a lender reduces the mortgage loans principal...
by TheBusinessProfessor | Feb 23, 2025 | Banking, Lending, and Credit Industry
Update Table of Contents What is a Wraparound Mortgage?How Does a Wrap Around Mortgage Work?Example of a Wraparound MortgageRisks of using a Wraparound MortgageBenefits of a Wraparound MortgageAlternatives to a Wraparound MortgageKey Takeaways What is a Wraparound...
by TheBusinessProfessor | Feb 23, 2025 | Banking, Lending, and Credit Industry
Update Table of Contents What is a Compound Interest?How Does Compound Interest Work?How to Calculate Compound InterestCompounding Interest GrowthTools for Calculating Compounding Interest: Microsoft ExcelCompound Interest Calculation RateTime Value of MoneyRule of...
