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.
tax expenditure. An example of a tax expenditure is. a tax deduction for the mortgage interest paid by homeowners. The Office of Management and Budget estimates that the total tax expenditures is more than ________ of the federal government's total receipts. 30%.