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Loans

Estimation

In finance, it is crucial to accurately determine the value of an asset, particularly if it is a pre-existing property. This process is known as estimation, or valuation. As a knowledgeable professor, it is important to understand the various methods and factors involved in this fundamental aspect of finance. Let us delve deeper into the nuances of asset valuation, and how it impacts the financial landscape.

Carpet areas

One important concept to understand in finance is the useable area of a building. This refers to the total area of a building that can be utilized at any floor level, exclud...

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Title

Ownership refers to the legal right and interest one holds over a property. This right is typically evidenced through a document, such as a title deed, which serves as proof...

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Total initial payment

When purchasing an asset, the customer is required to make an initial payment. This payment not only covers the cost of the asset, but also includes any service charges and ...

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Ballon Payment

The term "balloon payment" refers to the final and often larger payment on a debt, typically occurring after a series of smaller payments have been made. This type of paymen...

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