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What is the difference between an open-ended credit account and a revolving account?
Only two types of credit card accounts in consumer credit. This is when a store or company issues a card with credit line say $1000. 1st is revolving credit which is like MBNA, Capital One, MasterCard, Visa, Orchard Bank, etc. Anything can be purchased at any store. A charge account is like Macy's, Foleys, Wal-Mart, etc. only items at that specific store can be purchased. Good Luck.
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What is the difference between the two sides of an account called?
Account Balance
What is The Difference between total debits and credits to an account called?
The Account balance.
Difference between receipts and payments account and income and expenditure account?
what is the different between error of transposition and casting
The difference between an asset account and its contra account balance is called?
net balance
The difference between the balance of a fixed asset account and the related accumulated depreciation account is termed?
Net Fixed Assets is the term used for the difference between the balance of a fixed asset account and the related accumulated depreciation.
What is the difference between credit card and revolving credit?
A credit card is a type of revolving credit, whereas a revolving credit account may or may not be a credit card. Revolving credit can also include other types of accounts, such as a revolving line of credit with a bank or a home equity line of credit.
What is the difference between A current account and a cheque account?
what is difference between a current account and a cheque account
What is the difference between a Revolving Loan and an Overdraft?
The biggest difference between an overdraft facility and a revolving loan is that a bank is required to make the revolving loan. An overdraft facility is only an agreement between the bank and the customer that fulfills requests that are no more than a certain amount. The revolving loan is also up to an agreed maximum amount, but only if the borrower agrees to the terms in their agreement.
What is the difference between an overdraft facility and a revolving loan?
The biggest difference between an overdraft facility and a revolving loan is that a bank is required to make the revolving loan. An overdraft facility is only an agreement between the bank and the customer that fulfills requests that are no more than a certain amount. The revolving loan is also up to an agreed maximum amount, but only if the borrower agrees to the terms in their agreement.
What is the difference between a Revolving Fund and a Refund?
A revolving fund is continuously replenished as funds are withdrawn. A refund is a complete repayment, or payback, of a certain amount of money.
Difference between demat account and bank account?
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What is the difference between the financial account and the current account?
They are the same.
What is the difference between the two sides of an account called?
Account Balance
What is the difference between person fund vs account fund?
The difference between person fund and account fund is that a person fund is transferred to the recipient in person, while the account fund is transferred to the account of the recipient.
What is The Difference between total debits and credits to an account called?
The Account balance.
Whats the difference between satisfied in full and paid in full on credit report?
Satisfied in full normally applies to a negotiated settlement on an account. While paid in full normally applies to a revolving account that is in good standing and has been paid off. The satisfied notation usually applies to a negative reporting scenario.
Difference between receipts and payments account and income and expenditure account?
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