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Debt-snowball method - The debt-snowball method of debt repayment is a form of debt management that is most often applied to repaying revolving credit — such as credit cards. This method has gained more recognition recently due to the fact that it is the primary debt-reduction method taught by Dave Ramsey.
Poverty Reduction Strategy Paper - Poverty Reduction Strategy Papers (PRSPs) are in many ways the replacement for Structural Adjustment Programs, and are documents required by the IMF and World Bank before a country can be considered for debt relief within the HIPC programme. According to the IMF:
Subordinated (debt) - Subordinated debt, also known as junior debt, is a finance term to describe debt that is unsecured or has a lesser priority than that of an additional debt claim on the same asset. This means that if the party that issued the debt defaults on it, people holding subordinated debt get paid after the holders of the "senior debt," and hence is more risky.
Polynomial-time reduction - In computational complexity theory a polynomial-time reduction is a reduction which is computable by a deterministic Turing machine in polynomial time. If it is a many-one reduction, it is called a polynomial-time many-one reduction, polynomial transformation, or Karp reduction.
Debt Management Budgeting - Debt Management Budgeting Teen Guide to Financial Management Why should young people even think about saving for retirement? Why not run credit card debt up to the max if the bank is willing to lend it? Answers to these questions debt ...
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