It is a payment made to managers of private equity and venture capital funds (as well as certain other funds).
In other words, the company retained no earnings and probably had to finance its dividend payment in part with debt or equity.
Although chief financial officer Wachirapandu Prompraesart had promised back in 1997 that all the lenders would be paid, it now appears some of the payment will come in the form of equity in TPI.
In the event Carol sells the residence within three (3) years from the date of entry of this Decree, she agrees to split any equity received from said sale after the payment of the remaining balance on the first mortgage and any costs associated with the sale of the property equally between her and Joe.
That can hold true for refinancers and home buyers alike unless they have loads of equity in their home or can pony up a large down payment.
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And what we're finding now is that a growing number of foreclosures are not the result of people not being able to afford their monthly mortgage payment, for example, but it's because they have negative equity.
If you are a landlord in a situation where your rents are higher than the mortgage payment, it might be a good idea to hang on, build your equity, and sell when the market is strong again.
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Unlike a lease, however, the owner retains whatever equity remains in the vehicle, which can be used as a down payment on a new car.
In our view, a leveraged recapitalization makes no sense and its only purpose would be to put substantial equity stakes into friendly hands to entrench management and transfer effective control without payment of a premium or even, it appears, a shareholder vote.
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By restructuring mortgages so that homeowners have 5% equity in their properties rather than negative equity, Ocwen creates an incentive for homeowners to keep up with a more affordable payment schedule on a reduced principal.
We used the equity from our old house to pay off three small auto loans and to make a 35% down payment on our new house.
Using their KnowEquity When calculator, you can plug in your initial loan amount, the term and interest rate, first payment date, home value, and expected rate of price appreciation, and extra monthly payments to predict when your equity will finally equal your loan balance.
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