When an Asset is in major financial difficulty,  we say it is a distressed asset. For example, if a debt is in danger of default then it is distressed. This is also true usually when the debt is either in default or close to default.  Distressed assets lose value. Distressed assets can…

The credit rating of an individual refers to the likelihood that that individual will be able to repay any debt.  The credit rating is usually given in the form of a FICO score, which is based upon borrowing and repayment history as well as income, assets etc. In Kenya this inform…

A bank run is when all the customers of a commercial bank rush to withdraw their deposits out of fears that the bank might  become insolvent. Rumours about a bank's possible collapse may lead to a bank run. The customers rush to withdraw their money because they think the bank …

An asset is anything that has value to a company or an individual. Assets add value and are bought by companies or individuals to create value. There are two types of assets in business: -Tangible Assets are those that you can touch or feel such as cars, buildings, equipment and …