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    Arrears are when you owe money that’s already due. They’re when you’ve missed payments you were supposed to make. The amount you haven’t paid yet is your arrears. Types of arrears There are different kinds of arrears depending on what you owe money for: Rent arrears If you rent your home and don’t pay rent…

  • What is a competitive tender?

    A competitive tender happens when a company wants to buy something from other companies, like stuff or work. The company tells many other companies, “Hey, we want to buy this thing.” Those other companies are called suppliers. The company asks the suppliers to write down how much money they would charge to provide that thing…

  • Are newspapers primary sources?

    Primary sources are original materials that provide firsthand evidence or direct accounts of an event, object, person, or work of art. Primary sources can include: These are primary sources because they are the first evidence of something happening. They were created by people who directly experienced or witnessed the event being researched. Firsthand knowledge An…

  • What is DIP financing?

    DIP financing helps companies stay alive when they’re in big money trouble. These companies need cash to keep running while they try to fix their problems in bankruptcy court. The “DIP” means “debtor-in-possession” – the company still runs its business but under the court’s watch. How DIP Financing Works Companies in bankruptcy often can’t get…