Economics & Finance | Françoise Clementi

deep web

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The deep web, invisible web, or hidden web are parts of the World Wide Web whose contents are not indexed by standard search engines for

default interest

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A higher interest rate payable after default.

default rate

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The rate of borrowers who fail to remain current on their loans. It is a critical piece of information used by lenders to determine their

deed

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A legal document that is signed and delivered, especially one regarding the ownership of property or legal rights. (source: http://www.oxforddictionaries.com/definition/english/deed)

declaration of insolvency

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A determination by a bankruptcy court that a person or business cannot raise the funds to pay all of his/her debts. The court will then

decreasing repayments

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Mode of repayment of a loan, where each month an equal share of the capital is repaid and amount interest decreases gradually.

deductible VAT

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Deductible value added tax (VAT) is the VAT payable on purchases of goods or services intended for intermediate consumption, gross fixed capital formation or for

debt collection

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Business runned by a collection agency that pursues payments of debts owed by individuals or businesses. (source: http://en.wikipedia.org/wiki/Collection_agency)