An increase in the balance of a loan
caused by adding unpaid interest to the loan
balance; this occurs when the payment does not
cover the interest due.
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Net Worth ¬
The value
of a company or individual's assets, including
cash, less total liabilities.
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Nonliquid Asset ¬
An asset
that cannot easily be converted into cash.
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Note ¬
A written
promise to pay a specified amount under the agreed
upon conditions.
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Note Rate ¬
The interest
rate stated on a mortgage note, or other loan
agreement.
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