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How do you pass JV for term loan taken by bank and direct payment to be made by bank to creditors?
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Is direct debit a good payment system?
Generally, for regular payments, direct debit is a good payment system as it means that there is no need to worry about paying a bill as it is automatically taken out of your bank account. However, if your bank balance is uncertain, direct debit is perhaps not the best payment system.
What is the term for a bank account that permits direct payment to a third-party?
Transactions account
What is the Definition of direct credit?
It is an arrangement by which one get regular payment like salary credited one's bank account.
Can creditors take a lien on your bank account?
NO!
What is an irrevocable bank payment undertaking and what are its benefits to the seller?
And your revocable bank payment is a bank payment that cannot be rescinded. The advantage to the seller is once the payment is issued, it cannot be canceled.
Is direct debit a good payment system?
Generally, for regular payments, direct debit is a good payment system as it means that there is no need to worry about paying a bill as it is automatically taken out of your bank account. However, if your bank balance is uncertain, direct debit is perhaps not the best payment system.
Transaction that will decrese an asset anf decrease a liability?
Payment to the creditors Creditors Decrease Bank balance decrease
Letter of credit definition in Philippine terms?
A Letter of Credit can be issued in the Philippines as a way to ensure that payment will be made to creditors. If the beneficiary does default on his payment, his bank will pay his creditors what is owed.
What is a bank account that permits direct payment to a third party?
Transactions Account
Do you cancel direct debit yourself or will sky do it?
Once you have the end of contract date from Sky, they should tell you the last retrievable payment date, its advisable to speak to your bank and place a stop on it as there are occasions when things go wrong and a payment is taken.
What would appear in the credits column of a bank statement in a check account?
out of an online bill payment, bank fees, an ATM withdrawal, and a direct deposit it is direct deposit
What is the term for a bank account that permits direct payment to a third-party?
Transactions account
If Citigroup Citibank goes bankrupt do I still have to pay my student loans If so who am I paying them to then?
Yes, their BK protects them from creditors...not YOU from yours. Your loan is an asset of theirs and will be taken by one of their creditors in at least partial payment of the debt they are owed by the Bank....or sold to raise funds to pay those debts. In fact, the court and creditors will now be very interested in making sure your debt is valuable and paid.
What would appear in the credits column of a bank statement for a checking account?
out of an online bill payment, bank fees, an ATM withdrawal, and a direct deposit it is direct deposit
How the direct debit payment system works?
A direct debit payment solution is simply a financial transaction in which one person withdraws funds from another person's bank account. Formally, the person who directly draws the funds instructs the bank to collect (i.e. debit) an amount directly from another's bank account - and then pay those funds into a bank account designated by the payee. Direct Debit is an agreement between yourself and your bank, which authorizes the bank to allow an organization to collect a regular or irregular payment from your account. It is actually managing your funds better!
What is the Definition of direct credit?
It is an arrangement by which one get regular payment like salary credited one's bank account.
What is the Method of payment that your salary goes from employer to your bank account and you never see your money?
It's called direct deposit.
