Closing is the period of time after a loan is underwritten and approved. The borrower …
collateral
Collateral is something that helps secure a loan. When you borrow money, you agree that …
commitment letter
This is a lender’s written undertaking to a borrower that a certain sum at a …
discharged
A bankruptcy discharge releases the debtor from personal liability for certain specified types of debts. In other …
due diligence
Due diligence is an investigation of a business or person prior to signing a contract, …
earnest money
Earnest money is a deposit made to a seller showing the buyer’s good faith in …
EBITDA
Earnings Before Interest, Taxes, Depreciation, and Amortization EBITDA is a measure of profitability. EBITDA is …
equity injection
Money invested into a startup or a new company.