1. General: Specific ability of an entity (person or organization) or resource, measured in quantity and level of quality, over an extended period. 2. Banking: Borrower's ability to repay a debt on a timely basis, determined by deducting total cash outflows from the borrowers total income during (usually) a month.
Many people go through difficult times in their lives. Sometimes the end result is hitting rock bottom. For some, hitting rock bottom is the wake-up call needed to begin steering life in a more positive direction. When you have hit rock bottom, there is nowhere to go but up. Recognizing some of the common signs is an important part of getting back on your feet. Losing your job. Whether you are struggling with substance abuse or dealing with a financial crisis, losing your job can be a sure sign of hitting rock bottom.
You might even find that spending the time to attend the meetings of the Condo Board is a good investment in your property (once you buy). Now is a good time to buy because the prices have fallen a great deal.You will be rock bottom purchase price now.t can cost you large amounts of money. The way it works is this: Condo Associations, by law, cannot borrow money. If they have a big expense which they cannot pay for...the have a special assessment. They send a LARGE bill to every owner..they owner must pay it.