CHAPTER 13 BANKRUPTCY
Wage Earner Plan, which is also called Chapter 13 Bankruptcy, allows individuals to create a plan in order to repay a portion or the whole amount of the debts, usually for a period of three to five years. During this period, creditors are not allowed to start or continue with their collection efforts.
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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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Renovate or Move?
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Introduction to Inflation
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