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Inputs for the Net Worth API
The Net Worth API requires specific inputs to provide a detailed and comprehensive output of an individual's net worth, encompassing both digital and physical assets. Understanding these inputs is crucial for correctly leveraging the API to get ...
Can a user revoke at any time?
No, a user (borrower) cannot revoke anytime. The right to revoke a claim on an asset is contingent upon the completion of the loan repayment in full, as per the terms agreed upon with the lender. Only after fulfilling these obligations can a borrower ...
What specific asset classes does the Net Worth API track?
The Net Worth API tracks a comprehensive range of asset classes including bank accounts, stocks, mutual funds, vehicles, and real estate. Each class is detailed, providing users with a broad view of their financial landscape and how different assets ...
What is lien marking?
Lien marking refers to the process where a claim or a legal right is placed on an asset to secure a loan or obligation. Lien marking serves as a security measure for lenders while allowing borrowers to leverage their investments without liquidating ...
What is the process of lien marking?
The process of lien marking on mutual funds, shares, or bonds as collateral for securing a loan involves several key players, including the borrower, the lender (typically a bank or financial institution), and the Registrar and Transfer Agent (RTA) ...