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Q: How much down payment is required to buy a bank owned home that needs some work?
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What is the definition of a bank credit?

A bank credit is when someone takes out a loan from a bank where they are not required to pay the debt back immediatly and a payment schedule will be made.


Is a charter required to start a bank?

yes bank is company and every company needs charter


What is the code city to send western union payment to orchard bank?

There is no specific code city for sending Western Union payments to Orchard Bank. You will need to provide the receiver's name, bank account information, and other required details to send the payment directly to Orchard Bank. It is recommended to contact Western Union or Orchard Bank for specific instructions on how to make the payment.


What is bank owned homes?

bank owned homes are homes that have been foreclosed by a bank.


Is an iban number required on a swift mt202?

IBAN numbers are required on all bank transfers to and from Europe. The Swift MT202 is a message from a bank indicating a payment has been made. The IBAN would be required for the transaction to occur, but would not be part of the MT202 message.


Advantages of electronic data interchange?

1. No paperwork required 2. Payment is made electronically via bank account


What is Journal entries for letter of credit?

A letter from a bank guaranteeing that a buyer's payment to a seller will be received on time and for the correct amount. In the event that the buyer is unable to make payment on the purchase, the bank will be required to cover the full or remaining amount of the purchase.


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And your revocable bank payment is a bank payment that cannot be rescinded.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.


What does payment prohibited by legal order mean?

it means that your cheque cannot be payed in to the bank because there are lack of funds in the account required


What is meant by Payment by documents through bank?

Payment by documents through your bank is how you have made your payment. The document could be your check.


What is the objectives of land bank of the Phil regard to their interrelationships with society?

The Landbank of the Phillipines is a bank in the Phillipines owned by the Phillipine government with a special focus on serving the needs of farmers and fisherman.


What is the four state owned commercial bank in Bangladesh?

There are 4 state owned commercial banks in Bangladesh which are fully or majorly owned by the Government of Bangladesh. They are Sonali Bank, Agrani Bank, Rupali Bank and Janata Bank.