What is Foreclosure? Foreclosure is the legal right of a mortgage holder or other third-party lien holder to gain ownership of the property and/or the right to sell the property and use the proceeds to pay off the mortgage if the mortgage or lien is in default. It is a concept that has existed for centuries.
Business expenditures can be divided into capital and revenue expenditures. Capital expenditures are expenditures that produce benefits across multiple time periods, such as the costs to acquire and make ready for use long-term assets.
A capitalized expenditure is primarily a tax term, reflecting depreciation for loss of value over a period of years. Confusion arises when capital expenditures become capitalized expenditures for tax purposes, as these are long-term business improvements requiring depreciation over several years.