Cash out refinancing

Cash out refinancing (in the case of real property) occurs when a loan is taken out on property already owned, and the loan amount is above and beyond the cost of transaction, payoff of existing liens, and related expenses.

Definition

Strictly speaking, all refinancing of debt is "cash-out," when funds retrieved are utilized for anything other than repaying an existing loan.

In the case of common usage of the term, cash out refinancing refers to when equity is liquidated from a property above and beyond sum of the payoff of existing loans held in lien on the property, loan fees, costs associated with the loan, taxes, insurance, tax reserves, insurance reserves, and in the past any other non-lien debt held in the name of the owner being paid by loan proceeds.

Example of Cash Out Refinancing

A homeowner who owes $80,000 on a home valued at $200,000 has $120,000 in equity. That equity can be liquidated with a cash-out refinance loan providing the loan is larger than $80,000.

She Twerkin

"She Twerkin" (originally titled "The Twerk Song") is a song by American hip hop recording artist Cash Out. It was released on February 25, 2014, as the lead single for his debut studio album Let's Get It (2014). The song peaked at #98 on the Billboard Hot 100, making it Cash Out's second overall Hot 100 entry. The official remix features Juicy J, Lil Boosie, Ty Dolla Sign and Kid Ink.

Chart performances

References

Cash Out

John-Michael Hakim Gibson, (born August 15, 1990), better known by his stage name Cash Out (stylized Ca$h Out) is an American rapper originally from Columbus, Georgia, and later raised in Atlanta, Georgia. His debut album Let's Get It, was released on August 26, 2014.

Career

In 2009, he was acquitted from a gun charge in Clayton County, Georgia: he felt he had been given a second chance in life, so he turned his attentions towards advancing his career as a rapper. He initially signed to the independent record label Bases Loaded and released the single "Cashin' Out", which later appeared on his debut mixtape, titled It's My Time. After Epic Records label head L.A. Reid heard "Cashin' Out", he requested a meeting with Gibson to ask him to sign to the label: Gibson performed a song titled "Smilin' In My Face" during the interview, which convinced Reid to sign him to Epic.

Following its re-release through Epic Records in March 2012, "Cashin' Out" achieved significant commercial success in the United States, peaking at number 36 on the US Billboard Hot 100, also reaching the runner-up spot on the Hot R&B/Hip-Hop Songs chart and topping the Hot Rap Songs chart. The song's success has inspired many freestyles and remixes by other rappers, including Ludacris Krayzie BoneDa Brat,Bow Wow,Roscoe Dash,c-command, Young Jeezy, Akon, Chief Keef, Fabolous and Yo Gotti, the latter four of whom appear on the song's official remix. A follow-up single, "Big Booty", was released to digital retailers on July 31, 2012. In May 2013, his new single "Another Country" was released with Future on the track.

Dun Deal

David Cunningham (born August 22, 1986), better known by his stage name Dun Deal, is an American record producer and rapper from Atlanta, Georgia. He is best known for producing Young Thug's single "Stoner" and Migos's single "Hannah Montana". Deal has also worked with Gucci Mane, Usher, Trey Songz, Future, Drake, Rich Homie Quan, and Kevin Gates, among others.

Biography

Deal started his career as a rapper in 2003, when he formed the group O Boys with his high school friends. They were signed with one of Ruff Ryders' sub-labels. He used the money he received from the label to buy studio equipment and started learning how to create beats. By 2005, Deal had moved from rapping to producing. His first major production work was one of Tyler Perry's movies.

In about 2007, Deal started producing for artists, such as Rich Kidz, Future, Cash Out, Young Thug and Dem Franchize Boyz. He had a studio in downtown Atlanta and was working with a production team called Planet 9.

In 2012, while producing on Rich Kidz's album Everybody Eat Bread, Deal signed to DJ Spinz's production team Hoodrich Production Group (HPG), which also includes C4, S.O.S and Childish Major.

Cash

Cash refers to money in the physical form of currency, such as banknotes and coins.

In bookkeeping and finance, cash refers to current assets comprising currency or currency equivalents that can be accessed immediately or near-immediately (as in the case of money market accounts). Cash is seen either as a reserve for payments, in case of a structural or incidental negative cash flow or as a way to avoid a downturn on financial markets.

Etymology

The word is variously attributed. Some claim that the word "cash" comes from the modern French word caisse, which means (money) box, from the Provençal word caissa, from the Italian cassa, from the Latin capsa all meaning box. In the 18th century, the word passed to refer to the money instead of the actual box containing it. Another claim is that it was derived from Tamil word kāsu (Tamil: காசு) meaning a coin, by East India Company.

"Cash" used as a verb means "to convert to cash"; for example in the expression "to cash a cheque".

History

In Western Europe, after the Collapse of the Western Roman Empire, coins, silver jewelry and hacksilver (silver objects hacked into pieces) were for centuries the only form of money, until Venetian merchants started using silver bars for large transactions in the early Middle Ages. In a separate development, Venetian merchants started using paper bills, instructing their banker to make payments. Similar marked silver bars were in use in lands where the Venetian merchants had established representative offices. The Byzantine empire and several states in the Balkan area and Kievan Rus also used marked silver bars for large payments. As the world economy developed and silver supplies increased, in particular after the colonization of South America, coins became larger and a standard coin for international payment developed from the 15th century: the Spanish and Spanish colonial coin of 8 reales. Its counterpart in gold was the Venetian ducat.