CHAPTER 13
US bankruptcy proceeding in which the debtor endeavor to restructure his finances to repay his debts, under the supervision and approval of the courts. Reorganization includes the debtor must submit and follow his plan to pay creditors within three to five years. Most of the time, the plan must indicate a substantial payback to creditors, at least equivalent to what they might receive under other kinds of bankruptcy. It must, if needed, use the entire debtor’s income for repayment.
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Tit for Tat
Game theory mechanism subject to a payoff matrix similar to a prisoner’s dilemma. Anchored on the concepts of retaliation and altruism, this ...
Nonsegregated Disclosures
Information that must be presented legally anywhere in a lease agreement. These are required by the Federal Reserve Board Regulation M. The lease a ...
Product Line
A series of related products which are all made or manufactured by the same company.
Behavioral Economics
The scientific study on how the mind thinks and how each person reacts as it relates to the process of decision making in economics of individuals ...
Infant-Industry Theory
A theory stating the emerging domestic industries must be protected against foreign competition until they become established and mature. In econom ...
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Can You Afford the Renovation Cost?
Do you want to know if your current home can withstand any renovation? Consult the following professionals first for guidance.
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