Foreclosure and IFRS Foundation: Difference between pages

From ACT Wiki
(Difference between pages)
Jump to navigationJump to search
imported>Doug Williamson
(Classify page.)
 
imported>Doug Williamson
m (Added the full name of IASB and put the acronym in brackets)
 
Line 1: Line 1:
''Secured lending''
An independent body  established to develop a single set of high quality, understandable, enforceable and globally accepted international financial reporting standards (IFRSs) through its standard-setting body, the International Accounting Standards Board (IASB) and its interpretative body the IFRS Interpretations Committee.  
 
Foreclosure is the process in secured lending which may follow default by the borrower.
 
In foreclosure, the lender takes possession of an asset or assets used to secure the borrowing, often going on to sell them to raise money to discharge the unpaid borrowing, in part or in full.
 
 
In residential mortgage lending, foreclosure is often known colloquially as 'repossession' of the mortgaged residential property.




== See also ==
== See also ==
* [[Charge]]
* [[IFRS]]
* [[Fixed charge]]
* [[IFRS Interpretations Committee]]
* [[Forbearance]]
* [[International Accounting Standards Board]]
* [[LTV]]
* [[Mortgage]]
* [[Repossession]]
* [[Security]]


[[Category:Accounting,_tax_and_regulation]]
[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]

Revision as of 14:25, 9 April 2014

An independent body established to develop a single set of high quality, understandable, enforceable and globally accepted international financial reporting standards (IFRSs) through its standard-setting body, the International Accounting Standards Board (IASB) and its interpretative body the IFRS Interpretations Committee.


See also

Retrieved from ‘https://wiki.treasurers.org/w/index.php?title=Foreclosure&oldid=25959’