Definitions – itho's internet resources

Delivered-at-Place (DAP) Definition, How It Works, and Obligations

By Itho July 23, 2015

[ad_1] What Is Delivered-at-Place (DAP)? The buyer is responsible for paying import duties and any applicable taxes, including clearance and local taxes, under the terms of a delivered-at-place (DAP) agreement.…

Declaration Of Trust: Meaning in Estate Planning

By Itho April 12, 2010

[ad_1] What Is a Declaration Of Trust? A declaration of trust under U.S. law is a document or an oral statement appointing a trustee to oversee assets being held for…

Understanding Excess Cash Flow: Definitions, Formulas, and Examples

By Itho January 26, 2009

[ad_1] What Is Excess Cash Flow? Excess cash flow is the portion of a company's cash flow that is mandated for lender repayment. These repayments stem from loan agreements or…

Understanding Bond Discount vs. Premium Bond: Definitions and Examples

By Itho June 20, 2008

[ad_1] What Is a Bond Discount? A bond discount occurs when a bond's market price falls below its par value at maturity, often $1,000. Bondholders benefit from capital appreciation as…

Understanding Economic Efficiency: Key Definitions and Examples

By Itho March 30, 2008

[ad_1] What Is Economic Efficiency? Economic efficiency involves the optimal allocation of goods and production factors, aiming to maximize value while minimizing waste. It indicates that resources are utilized near…

Earnest Money: Definition and How It Works in Real Estate

By Itho August 20, 2007

[ad_1] What Is Earnest Money? Earnest money is a deposit paid by a buyer to a seller to demonstrate a good-faith intention to make a purchase, such as for…