CML Adverse Credit Research | Adverse Remortgage

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) February 10, 2011 -- Abandonment: Abandonment is defined as the voluntary surrender of property which may either be owned or leased, without naming a successor as owner or tenant. The property may, in such a case, be reverted to a person holding prior interest. In cases, where no owner is apparent, the property will thereon be reverted to the state.

ABC analysis: A term used in materials management, ABC analysis is used to defines an inventory categorization technique. It classifies inventory items in terms of importance. This allows the business to place greater emphasis on higher dollar value items or the "A" items than on lesser dollar value items also known as the "B"s. The "C"s are considered the least important items and thus receive the least amount of time and attention .

Ability to pay: The explanation for this term, depends upon its field of use, let's look at the different definitions it holds in the following:

Banking: The ability to pay or the ability to service in the banking terminology refers to the borrower's ability to meet principal and interest payments out of earnings on the long term basis.

Industrial relations: The ability of an employer, to meet a union's financial demands from the operating income of the business.

Securities: This refers to the municipal bonds and takes into account the issuer's present and future ability to generate enough tax revenue to meet its contractual obligations. This is done after taking into account all factors concerned with municipal income and property values.

Taxation: In taxation, ability to pay is a terminology which defines the concept that tax rates should vary with levels of wealth or income.