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Modi Government will give 3 important legislation to private employers
A home equity loan is a type of LOAN in which the borrower uses the EQUITY of his or her HOME. The loan amount is determined by the value of the property, and the value of the property is determined by an appraiser from the lending institution. Home equity loans are often used to finance major expenses such as home repairs, medical bills, or college education. A home equity loan creates a LIEN against the borrower's house and reduces actual home equity.
Most home equity loans require good to excellent CREDIT HISTORY, reasonable loan-to-value and combined LOAN TO VALUE RATIOS. oth are usually referred to as SECOND MORTAGES, because they are secured against the value of the property, just like a traditional mortgage. Home equity loans and lines of credit are usually, but not always, for a shorter term than first mortgages. Home equity loan can be used as a person's main mortgage in place of a traditional mortgage. However, one cannot purchase a home using a home equity loan, one can only use a home equity loan to refinance. In the United States until December 31 2017, it was possible to deduct home equity loan interest on one's personal INCOME TAXES. As part of the 2018 Tax Reform billsigned into law, interest on home equity loans will no longer be deductible on
[27/04, 9:49 PM] PC Ida: related to income or performance. This is frowned upon by rating agencies and the government. However, a percentage return program is viewed positively if the nonprofit receives more than 50% of the generated income. Programs that engage a third party, but with a "cost maximum cap" involved, such as with national charities like the Society of Saint Vincent de Paul performance in this area is exemplary, with 70-80% on average being returned to the nonprofit.
Ideally, donors should also investigate how much money from the sale of the car goes to the auction processor and how much actually benefits the charity's programs, as opposed to its administrative overhead
INSURANCE
Insurance is a means of protection from financial loss. It is a form of RISK MANAGMENT primarily used to HEDGE against the risk of a contingent, uncertain loss.
An entity which provides insurance is known as an insurer, insurance company, or insurance carrier. A person or entity who buys insurance is known as an insured or policyholder. The insurance transaction involves the insured assuming a guaranteed and known relatively small loss in the form of payment to the insurer in exchange for the insurer's promise to compensate the insured in the event of a covered loss. The loss may or may not be financial, but it must be reducible to financial terms, and must involve something in which the insured has an INSURABLE INTREST established by ownership, possession, or preexisting relationship.
The insured receives a CONTRACT called the INSURANCE POLICY which details the conditions and circumstances under which the insured will be financially compensated. The amount of money charged by the insurer to the insured for the coverage set forth in the insurance policy is called the premium. If the insured experiences a loss which is potentially covered by the insurance policy, the insured submits a claim to the insurer for processing by a CLAIMS ADJUSTER.
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