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The hardship clause is sometimes used in relation to force majeure, particularly because they share similar features and they both cater to situations of changed circumstances. The difference between the two concepts is that hardship is the performance of the disadvantaged party becoming much more burdensome but still possible.
Follow these steps to help soften the impact of an unexpected hit to your finances.
Hardship may refer to: Hardship clause, in contract law; Hardship post, in a foreign service; Extreme hardship, in immigration law; Undue hardship, in employment law ...
Repayment plans have the potential to bring upon individuals other financial issues, including financial hardship in the form of poverty, and also reliance on welfare systems. Taxpayers, students and other demographics can be drawn into repayment strategies which may not be financially feasible and may result in a default or repossession of assets
A hardship loan isn't technically a banking term, but rather a category of loans describing the need for borrowing money. It is a loan that helps you get through unforeseen or difficult financial ...
As part of the American Rescue Plan stimulus relief, there has been a moratorium, or pause, on student loan payments since March 27, 2020. Federal student loan interest rates have also been set to ...
Unemployment insurance, an example of social insurance, is inherently faced with determining whether individuals face financial hardship in the form of little or no income by choice or by circumstantial necessity. An unemployed worker is able to rejoin the work force through active, effortful job search.
When you're facing tough financial times, it can be hard to see a way out. Do You Have a Money Question? Ask an ExpertAlso: With a Recession Looming, Make These 3 Retirement Moves To Stay On Track...