Current Asset Assets that will normally be turned into cash within a year. Current Liability Liability that will normally be repaid within a year.
Current Ratio Current assets divided by current liabilities -- a measure of liquidity. Generally, the higher the ratio, the greater the "cushion" between current obligations and a firm's ability to meet them. Debt An amount owed for funds borrowed. The debt may be owed to an organization's own reserves, individuals, banks, or other institutions.
Generally, the debt is secured by a note, bond, mortgage, or other instrument that states repayment and interest provisions. The note, in turn, may be secured by a lien against property or other assets.
Debt Service Amount of payment due regularly to meet a debt agreement; usually a monthly, quarterly or annual obligation. Debt Fast cash loans los angeles Reserve Term used to refer to cash reserves set aside by a borrower, either by internal policy or lender covenant, to repay debt in the event that cash generated by operations is insufficient.
And if the funds have been in the account for 60 days, you shouldnt need to source them beyond the bank account theyre in. Conversely, if you move a sum of money into a bank account less than 60 days before you apply, the lender will see that deposit on the bank statement and likely scrutinize it. And more importantly, ask for the source of those funds. If you dont have a good answer, your loan application could be in jeopardy.
This is why seasoning assets is so important. Once theyre seasoned in a verifiable account, they are considered sourced and should be accepted without further review.
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