Financial Distress refers to a situation where a company or individual is struggling to meet its financial obligations due to insufficient cash flow, declining revenue, or an overwhelming debt burden.…
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Debtor-in-Possession (DIP) Financing is a special type of financing provided to companies that are undergoing a restructuring process under Chapter 11 bankruptcy protection in the United States. This financing is…
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Breach of Covenant refers to the violation or failure to comply with the terms and conditions set forth in a covenant, which is a legally binding promise or agreement between…
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A Debt Covenant is a condition or agreement included in a loan contract or bond issue that the borrower must adhere to as part of the terms of the debt.…
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Bespoke Financing refers to customized financial solutions that are tailored to meet the specific needs and circumstances of an individual, company, or project. Unlike standard financial products, which have predefined…
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The Debt to Income Ratio (DTI) is a personal finance measure that compares an individual's total monthly debt payments to their gross monthly income. It is used by lenders to…
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The 5 C’s of Credit are a set of criteria that lenders use to evaluate the creditworthiness of potential borrowers. These factors help lenders determine the risk of lending money…
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Route Truck Delivery refers to a type of delivery service in which trucks follow a predetermined route to deliver goods to multiple locations, usually on a regular schedule. This method…
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