What Is Renter’s Insurance? The term renter’s insurance refers to property insurance that protects tenants who live in a rented dwelling. Coverage is provided by insurance companies in exchange for premiums paid by people living in apartments, single-family homes, and condominiums. Policies provide coverage for an insured party’s personal property as well as liability claims that
What Is a Reorganization? A reorganization is a significant and disruptive overhaul of a troubled business intended to restore it to profitability. It may include shutting down or selling divisions, replacing management, cutting budgets, and laying off workers. A supervised reorganization is the focus of the Chapter 11 bankruptcy process, during which a company is
What Does Repatriable Mean? Repatriable refers to the ability to move liquid financial assets from a foreign country to an investor’s country of origin. Key Takeaways Repatriable refers to the ability to move liquid financial assets from a foreign country to an investor’s country of origin.The Foreign Account Tax Compliance Act (FATCA) and the Bank
What Is Repayment? Repayment is the act of paying back money previously borrowed from a lender. Typically, the return of funds happens through periodic payments, which include both principal and interest. The principal refers to the original sum of money borrowed in a loan. Interest is the charge for the privilege of borrowing money; a borrower
What Is the Repeat-Sales Method? The repeat-sales method is a manner of calculating changes in the sales price of the same piece of real estate within specific timeframes. Housing market analysts use this relatively simple approach to estimate shifts in home prices over periods stretching from months to years. Various housing price indexes have adopted the repeat-sales
What Is a Reperforming Loan (RPL)? A reperforming loan (RPL) is a mortgage that had become delinquent because the borrower fell behind on payments by at least 90 days, but returned to “performing” status again because the borrower has resumed making payments. Key Takeaways A reperforming loan (RPL) is one that was once delinquent but
What Is the Replacement Chain Method? The replacement chain method is a capital budgeting decision model that compares two or more mutually exclusive capital proposals with unequal lives. The replacement chain method takes into consideration the different life spans of alternative plans, as well as their expected cash flows. That makes it easier to compare
What Is a Replacement Cost? Replacement cost is a term referring to the amount of money a business must currently spend to replace an essential asset like a real estate property, an investment security, a lien, or another item, with one of the same or higher value. Sometimes referred to as a “replacement value,” a
What Is a Replacement Property? Replacement property is any property that is received in place of property that has been destroyed, lost, or stolen. Replacement property can be personal or business property and can include various types of assets, such as real estate, equipment, and vehicles. Replacement property is often insured by a casualty-insurance carrier.
What Was Repo 105? Repo 105 was a type of loophole in accounting for repurchase (repo) transactions that the now-extinguished Lehman Brothers exploited in an attempt to hide true amounts of leverage during its times of trouble during the 2007-2008 financial crisis. In this repurchase agreement, since updated to close the loophole, a company could
