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Why does a company that issues bonds between interest dates collect accrued interest from the bonds' purchasers?
Wiki User
∙ 10y ago
It makes the interest payment process easier - if accrued interest is collected when the bond is sold, then the payment to all bondholders is the same: the interest amount for 3 or 6 months, or whatever the payment period is
Wiki User
∙ 10y ago
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How does one collect their accrued interest?
Accrued interest is obtained when the payment is received to the borrower. When the payment is received, interest is then realized and deposited into your account.
How long can a company pursue you for an out standing debit?
A company can continue to collect from you indefinitely. As in, when you die, if you owe them money, they can collect from the executor of your estate, and get part of your life insurance policy. The best thing to do is to contact that company, and work out some kind of payment schedule with them, perhaps get them to work with you on lowering the interest rate, or disregarding any fees you may have accrued (ie: late fees, over-limit fees, etc)
Interest on old taxes?
Will be collected. Penalty may be abated. You had the money, you had the benefit, you will pay the interest you should have made on having it. The amount or percent is set in a schedule that changes every so often. Interest becomes tax and the government has the same power to collect it as it does a tax.
If you invest 8000 at 12 interest how much will you have in 7 years?
interest investments are collected annually (yearly) so you would take 12 % and multiply it by $8000. 8000 x .12 = 960 this means that you collect $960 annually from interest. so then multiply the $960 by your number of years (7). 960 x 7= $6720. Then you would add the interest you received from the investment and add it back to your innitial investment of $8000. 8000 + 6720= $14720.00
Is credit card interest deductible?
Sadly interest is not tax deductible, especially for individual borrowers that don't have a business. Business owners *might* be able to argue their case if they absolutely had to borrow money in order to start a business, but interest on personal credit cannot be deducted... * note: that might depends on how lenient the IRS feels for a particular industry, or even what year it is. Typically, they want all the money they can collect.
Why does a company that issues bonds between interest dates collect accrued interest from the bond's purchasers?
It makes the interest payment process easier - if accrued interest is collected when the bond is sold, then the payment to all bondholders is the same: the interest amount for 3 or 6 months, or whatever the payment period is
How does one collect their accrued interest?
Accrued interest is obtained when the payment is received to the borrower. When the payment is received, interest is then realized and deposited into your account.
If suing somebody can you collect interest on the money that they owe you?
The laws on collecting interest on a debt will vary by state and may be governed by the terms of the agreement, if any. However, most states do allow you to collect prejudgment interest and have it added to the judgment if the case goes to trial.
Can you collect child support at age 28?
Your custodial parent can collect unpaid support that accrued under an order. Support sometimes continues after the child becomes an adult if the child is disabled.
Does a security deposit collect interest?
Landlord-tenant relations are governed by municipal regulations, hence, they vary by city, but it is normal that a security deposit should collect interest. Of course, we are in a period of history in which interest rates in general are remarkably low, so I would not expect to collect a lot of interest.
If a person dies with no estate in California can a credito collect from the survaiving spouse?
A creditor can collect a debt from the surviving spouse under certain circumstances in a community property state. Usually, the debt has to have been accrued during the marriage.
Can a collection agency collect late fees interest?
No.
How long can a company pursue you for an out standing debit?
A company can continue to collect from you indefinitely. As in, when you die, if you owe them money, they can collect from the executor of your estate, and get part of your life insurance policy. The best thing to do is to contact that company, and work out some kind of payment schedule with them, perhaps get them to work with you on lowering the interest rate, or disregarding any fees you may have accrued (ie: late fees, over-limit fees, etc)
Does collect or between have double consonants?
Collect has double l's
Define bank with its general mechanism?
The key operations taken care of by banks are accepting deposits from people who have surplus and giving off loans to people who are in need of cash. They collect an interest from the borrowers and provide an interest to the depositors. The difference in interest between the two amounts is what helps the banks earn money.
What is the function of a bank?
The function of a bank is deficit financing and deposit mobilization. They collect deposits from customers and grant loans to people and businesses that need financing. They collect an interest from the loan customers and in turn grant interest to the deposit holders.
Do checks collect interest?
No. They do not collect any interest. The value of the cheque is fixed and does not get changed. The amount entered in the cheque is the exact amount anyone who deposits this cheque will get. Not a rupee more and not a rupee less. That is why Cheques are called non-negotiable instruments.
