A domestic corporation is a company that conducts its affairs in its home country. A domestic business is often taxed differently than a non-domestic business and may be required to pay duties or fees on the products it imports. Typically, a domestic corporation can easily conduct business in other states or parts of the country where it has filed its articles of incorporation.
A nonperforming loan (NPL) is a loan in which the borrower is in default due to the fact that they have not made the scheduled payments for a specified period. Although the exact elements of nonperforming status can vary depending on the specific loan’s terms, no payment is usually defined as zero payments of either principal or interest. The specified period also varies, depending on the industry and the type of loan. Generally, however, the period is 90 days or 180 days.
GNI is the total amount of money earned by a nation’s people and businesses. It is used to measure and track a nation’s wealth from year to year. The number includes the nation’s gross domestic product plus the income it receives from overseas sources.
A voluntary foreclosure is a foreclosure proceeding that is initiated by a borrower who is unable to continue making loan payments on a property, in an attempt to avoid further payments and prevent involuntary foreclosure and eviction. An involuntary foreclosure, on the other hand, is initiated by the lending institution in order to take possession of a property to recover their losses and is typically the last option for borrowers unable to make payments on their loans. Borrowers can seek voluntary foreclosures from banks and other lending institutions for both residential and commercial properties.
The Coronavirus year 2020, as we have witness the price of oil drop dramatically, and gas price at the pump average under $2 nationwide.
So the question is will oil price go up in year 2020? On March 11, 2020 “EIA forecasts Brent crude oil prices will average $43/b in 2020, down from an average of $64/b in 2019. For 2020, EIA expects prices will average $37/b during the second quarter and then rise to $42/b during the second half of the year”