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Standard debt provisions

• Provisions in long-term debt agreements specifying certain criteria of satisfactory record keeping and reporting, tax payment, and general business maintenance on the part of the borrowing firm; normally, they do not place a burden on the financially sound business.

 
 

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Tips for Trying to Fix a Clogged or "Frozen" Home Equity Line: For years, homeowners have turned to home equity lines of credit (HELOCs) as a way to borrow against their home's value to pay for college tuition, home improvements, medical bills and other major expenses. (A home's equity is the market value minus what is owed on the mortgage. If you owe $100,000 on your mortgage but your home is worth $250,000, your equity is $150,000.) More...

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