If for Some Reason You Can't Pay Your Debt You

question 2

Multiple Choice

If for some reason you can't pay your debt you should:

• A)try to return anything you've purchased.
• B)stop making your house and car payment and concentrate on your credit card bills.
• C)change your phone to an unlisted number.
• D)call your lenders and explain the situation.

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Definitions:

Shares Outstanding

The total number of shares of a company’s stock that are currently owned by all its shareholders.

Equity Firm

A company that invests in businesses, typically taking a sizable stake, with the goal of increasing value over time before eventually divesting.

Borrowing

This is the act of obtaining funds from a lender under the agreement to pay back the principal amount along with interest.

Repurchase

The act of buying back goods or securities that were previously sold, often referring to a company buying back its own shares.