What is money paid for the use of someone Else's money called?
11 people found this useful
Answer . It's called check fraud and most states consider it to be a serious crime. The offender could go to jail and be forced to pay damages. You would need a police rep…ort to verify that the checks written had been forged before the bank or store even considered any kind or settlement. Even then, it might not do you much good but it's a good place to start.
I think the phrase is neither a borrower nor a lender be. THE REAL ANSWER IS AN BORROWER..... MS.MARI OVER N OUT
if they are from the same bank you should be able to send to other acct wih online banking. if they are at a different bank than yours, its an email money transfer. other part…y must also have online banking in order to do this
Anyone can put money in a parking meter for someone else, but this activity, called re-metering, is illegal in some cities. An enterprising type of individual arose some years… back and made a business of sorts by feeding the meters of people whose time had expired, or nearly so. This person would then leave a self-addressed envelope on the vehicle asking for compensation which, obviously, was voluntary. The individual who was (possibly or probably) saved from getting a parking ticket might be inclined to put a few bucks in the envelope and post it. That, after all, was a return of the favor, and cheaper (by far) than having to pay a parking citation. City fathers in some of the urban areas where this was happening decided that this activity, re-metering, was costing the city because it cut into the revenues generated by issuing parking citations. Local ordinances sprang up here and there as other cities joined the move to protect the income being generated by parking enforcement activities.
The holder of an account takes responsibility for the outcome of any check deposited into their account. Thus, the bank may require that the person who owns the account also s…ign the check (and even be present during the deposit) to verify authorization for the deposit. Even though money orders are supposed to be verified funds, the bank cannot risk that the account holder will claim the deposit wad unauthorized if they are charged if the check us returned.
This can only be done by the other party setting up a direct debit mandate specifying you as the beneficiary.
cheap tight penny pincher stingy frugal thrifty scrooge
You, uh, write them a check or, if it's savings, you buy a money order or cashier's check that you pay for with a withdrawal slip from your savings account plus, probably, a s…mall fee.
There are several scenarios which could cover this activity and the question must be worded more specifically. As the questiofn is worded it could cover many possibilities ran…ging from; borrowed money to stolen money and could include such offenses as - embezlement - theft - fraud - larceny after trust - etc - etc -etc.
Without their permission: theft, and possibly fraud (if using debit/credit cards etc.) With permission: lots of fun.
rent paid for the use of money is called what?
If you are an equal co-owner of the account, then yes. However, if you are listed as an account beneficiary, then only upon the death (or incapacitation) of the primary accoun…t holder would you be entitled to the funds or control thereof.