Results for: Repayment

What is the meaning of moratorium of repayments of loan?

Basically a moratorium on loan repayments is a loan repayment holiday. You are not required to make loan repayments or pay dues/fees for non-payment for a required period. Usu (MORE)

How do you treat the loan repayment in the balance sheet?

Loan repayment will reduce the amount of loan liability from  liability side of balance sheet as well as reduce the cash or bank  account as the payment is made through bank (MORE)

Should you arrange a debt repayment plan?

In a debt replayment plan, you deposit money each month with a credit counseling service. Your deposits are used to pay your creditors according to a payment schedule develope (MORE)
In Loans

What is capital repayment plan?

Capital repayment refers to paying down the principle amount of theloan to reduce the interest amount paid and reduce the overallpayments. This system is used in business or p (MORE)

Chapter 13 repayment amount?

There are three tests used to calculate a monthy Chapter 13 plan payment: 1. Current income less expenses -- In Schedules I and J, a debtor's current income and expenses are (MORE)

What is a loan repayment plan?

Whenever you take out a loan, you are borrowing someone else's money. Whatever you borrow, you are expected to pay back. A repayment plan is a plan about how much you will pay (MORE)