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If your mother had 15000 in credit card debt and you were an authorized user and she passed away and you were charged 1400 by the credit card company are you responsible for paying that amount?
Wiki User
∙ 19y ago
In general if the card was used after the person died, the user is responsible for the debt. In some cases the person using the card could possibly be face fraud charges. The laws of the state in which the deceased resided governs the penalties and/or responsibilities of said action.
Wiki User
∙ 19y ago
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What does awaiting final amount from merchant mean?
Means card authorized only, not yet charged.
Authorized and issued share capital?
Authorized share capital is that maximum amount of share capital a company can do it’s business and return in article of association of company and company cannot raise more capital then this limit unless changes the limit of authorized capital.Issued share capital is that amount of capital which is issued to public for purchase or invest in company.
What is the amount of authorized share capital?
The amount of authorized share capital refers to the number of stock units that a publicly traded company can issue as stated in its articles of incorporation. It can also be as agreed upon by a shareholder vote.
Difference between authorized capital and paid up capital?
Authorized capital is the maximum amount a company is allowed to collect from public by issuing shares. Paid up capital is the amount of capital which a company has currently issued to the public in the form of shares or the public has provided the money to a company for working. For example: Authorized capital $1000 Paid Up capital $100 Now a company can issue shares of $900 to the public offering and not more than that.
How do you use pianos in a sentence?
Example sentence - His company charged a reasonable amount to move pianos.
Can paid up capital greater than a companies authorised capital?
Authorized capital is the maximum amount company can raise so paid up capital cannot be more than authorized capital
How do you determine the authorised capital?
The authorized capital is usually determined by the company owners and stated in the company's incorporation documents. It represents the maximum amount of capital the company can raise through the issuance of shares. It is important to consider factors such as business needs, growth plans, and regulatory requirements when determining the authorized capital.
What is authorized capital and how different is that from paid up capital?
Authorized capital is the maximum amount from which company registered to be work with and written in its memorandum and articles unless it changes it and again register it with authorities the maximum capital cannot exceed with this amount. Paid up capital is the subscribed capital for which share holders have purchased shares of company for any specific period of time.
Are you only liable for the dollar amount that you signed for or are you liable for the full balance on the card?
If you are the account or joint account holder, you are responsible for the entire balance regardless of who incurred the debt. If you are an authorized user you are not responsible for repayment except to the account holder.
What is outstandanding balance in a credit card?
The outstanding balance is very simply the amount of debt that you have charged on the credit card. You owe that amount to the credit card company.
Do records storage companies do any authorized shredding?
Yes, records storage companies do authorized shredding. In fact that is usually one of the services that is offered by any records storage company. A lot of times and company that stores their records will have the company shred it after a certain amount of time. If they're both a storage and shredding company, then yes. Here's an example of a company that does both: http://www.cintas.com/documentmanagement/
Is Unearned income taxable?
Tax is charged on that amount which is actually received by the company so if the amount is received but it is not yet earned then it will be taxed although accounting tax will not be charged and due to that reason we have deferred taxation concepts to dealt with these kinds of situations.
