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.
Expenses represent a deduction from revenue recorded in the calculation of net earnings for the period. If the company is buying and selling investments using their excess cash, realized losses would be called an expense. If a profit was made, it would be called other income.. The systematic write off of long-lived assets (also called fixed asset) is called depreciation or amortization expense.