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Debt Payment Ratio
A financial ratio that measures the percentage of disposable income required to make debt payments.
Everything you owe to others, including unpaid bills, credit card balances, car loans, student loans, and morgages. Also known as liablities.
A financial ratio that measures the ability to pay household expenses out of liquid assets in the absence of regular home.
Mortgage Debt Service
The total dollar amount of monthly mortgage principal, interest, property taxes, and home-owner's insurance.
Personal Balance Sheet
A statement that details the value of what you own and what you owe to others to arrive at an estimate of your net worth.
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