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bartlet
Apprentice
Joined: 11 Apr 2007
Posts: 1
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 Posted: 08/26/08 - 06:33 Post subject: |
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| People tend to become indebted over their heads because they lack financial preparation and planning. In other cases, however, they are tricked into bad deals by fraudulent lenders. Now, a callable debt is the one that is of the secured sort. In other words, you guarantee with some asset for the debt, which in turn means that a lender can call it, that is, request the return at an agreed date and for an agreed, predetermined price. Hope you find the info helpful. |
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ive
Apprentice
Joined: 14 Jul 2005
Posts: 1
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| Posted: 09/10/08 - 02:19 Post subject: |
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| Any asset you have is something that holds certain value. Taxation purposes are one of the focal points for determining value, but you also need to count in the intrinsic value of the asset, which will depend on location, desirability, security, and similar factors. The more of these you have on the positive side, the better will be the status of your debt, and you will have greater security knowing that when it is called, you will be able to cover it. |
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payton
Apprentice
Joined: 03 Jul 2008
Posts: 2
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| Posted: 09/24/08 - 22:05 Post subject: |
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| I agree with previous things. I would like to add something, though. Running any kind of investment is never easy, and part of it is making a sound financial plan. Generally, any debt that someone owes to you but cannot pay, be it business or non business is a bad debt. A callable debt, on the other hand, should not pose as much problem because it is initially secured and a party can get it only if it has a valuable asset to secure the debt with it. |
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