Examlex
The SEC was established in 1934 to oversee the securities industry.
Restructure Loan
The process of modifying the terms of a loan agreement, typically to provide relief to the borrower by reducing interest rates, extending payment periods, or forgiving part of the loan.
Financial Difficulties
Situations where an individual or organization struggles to manage their money effectively, often leading to debt or bankruptcy.
Foreclosure
The legal process by which a lender takes control of a property, evicts the homeowner, and sells the home after the homeowner fails to make full principal and interest payments on their mortgage.
Matching Principle
An accounting principle that dictates expenses should be reported in the same period as the revenues they help to generate, to ensure financial statements accurately reflect business activities.
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