0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
What is Payment made for the use of borrowed money called?
Payment made for the use of borrowed money is called interest. Interest expense is shown on an income statement as a non-operating expense.
Which payment system is known as plastic money?
Credit cards and debit cards fall under this payment system. The term 'plastic money' comes from the fact that these cards are made of plastic and they function as cash substitutes in financial transactions.
What does monthly periodic payment means?
a monthly periodic payment is a payment made each month at a specific time each month. This can either be a payment made to an individual such as an annuity payment, or a payment made from an individual such as a loan payment.
Can you make a payment towards the principal on an auto loan?
As long as the normal car payment is made monthly, you can pay any extra payment/s a month. When the normal payment is made, the interest that was due--was paid--any more money paid either at the same time or later will go to the principal. Of course, to make sure -- mark your statement that this is a principal pmt or when you make the payment at the bank, tell the teller.
What makes a secure loan secure?
A secured loan is made secure by collateral. This means that you need to offer something of value such as a house or car to qualify for the money loaned to you. If you fail to repay the loan as agreed, the collateral will be taken by the loan provider as payment instead.
What is Payment made for the use of borrowed money called?
Payment made for the use of borrowed money is called interest. Interest expense is shown on an income statement as a non-operating expense.
Can a payment be made during a repossession?
No. They're not there to collect money, they are there to reposess.
What does In kind?
This usually refers to payments, the payment is made by non-monetary means, as a form of exchange.
What is a Taylor made payment structures?
Could you mean "Tailor Made Payment Structure"? that would jsu be someones hyperble meaning that they customize a payment plan to fit the purchase or the money available.
What is the payment for the use of borrowed money?
Payment made for the use of borrowed money is called interest. Interest expense is shown on an income statement as a non-operating expense.
Which of these could be an example of a money payment made to households by government?
taxes
What does 'in kind' mean?
This usually refers to payments, the payment is made by non-monetary means, as a form of exchange.
What is a collection situatoin?
A collection situation refers to the process of pursuing payment from a customer who has not made a payment as per the agreed terms. It typically involves contacting the customer to remind them of the outstanding payment and working to secure the funds owed.
Made a payment with moneygram moneyorder how do you know they cashed it?
Call the number on the back of your money order receipt.
Do you need proof of payment in order to get your money back from someone in a court of law?
Yes, proof of payment is crucial in a court of law to establish that a payment was made. It helps to demonstrate that there was a transaction between the parties involved and strengthens the claim of seeking money back. Without it, it may be challenging to substantiate the case and demonstrate that a payment was indeed made.
What do you get your dad if you have no money?
You get him something home made or ask someone to lend you money
What is the term for a payment in money or slaves made to a stronger ruler?
Tribute is the term for a payment made to a stronger ruler as a form of acknowledgement or submission. It can include money, goods, or slaves offered by a lesser power to a dominant authority.
