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 The Bankruptcy Solution: How to Eliminate Debt and Rebuild Your Life by Peggy Palms, Offers encouraging advice on how to maneuver through the process of filing bankruptcy, conseling readers on how to move past embarrassment, tackle expenses, understand debt, and handle creditors.
Subordinated (debt) - Subordinated debt, also known as junior debt, is a finance term to describe debt that is unsecured or has a lesser priority than that of an additional debt claim on the same asset. This means that if the party that issued the debt defaults on it, people holding subordinated debt get paid after the holders of the "senior debt," and hence is more risky. Algebraic solution - The solution of an algebraic equation, often one that seeks zeros of a polynomial, is sometimes said to admit an "algebraic solution" or a "solution in radicals" if function that expresses the solution in terms of the coefficients relies only on addition, subtraction, multiplication, division, and the extraction of roots. The most well-known example is the solution External debt - External debt (or foreign debt) is that part of the government debt of a country which is owed to creditors outside the country. This debt includes money owed to private commercial banks, other governments, or international financial institutions such as the IMF and World Bank. Ideal solution - In chemistry, an ideal solution is one in which the enthalpy of solution is zero. The closer to zero the enthalpy of solution is, the more "ideal" the solution becomes.
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