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.
Authorized share capital is that maximum amount of share capital a company can do itâ€™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.
Means card authorized only, not yet charged.
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.
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.
Example sentence - His company charged a reasonable amount to move pianos.
Authorized capital is the maximum amount company can raise so paid up capital cannot be more than authorized capital
1- Authorized Capital ( legally permitted number of shares) i,e 20 million dollars2- Subscribed Capital/issued capital (sold or issued but not paid yet by the holders)i,e 17 million dollars3- Called up Capital ( company asks or calls to pay certain number of shares)i,e 17 million dollars4- Paid up Capital (this is actually paid by holders, amount reflects in Balance sheet)i,e 16 million dollarsCapital:The term capital means the amount of money invested by the owner in the business to start a business. In case of Joint Stock Company the term share capital refers to the amount of money raised by the issue of shares.Kind of Capital:Authorized Capital:The authorized capital is also called nominal or registered. This is the maximum amount of capital which a company is authorized to issue. The amount of authorized capital is mentioned in the capital clause of memorandum of association along with its division into shares of fixed amount, for example 20 million dollars of 20 dollars eachIssued Capital:Issued capital is that part of authorized capital which is offered to the public for subscription or for the sale of shares. For example, if the authorized capital of a company is 20 Million and the company issues shares valuing 17 million $ then the issued capital of the company is 17 million $.Un-issued Capital:The Portion of the authorized capital, which is not offered to the public for the sale of shares are known as un-issued capital. In the above example the un-issued capital of the company is 3 million $.Called-up Capital:The part of the subscribed capital, which in fact the company asks the shareholders to pay, is called the called up capital. for example company asks to pay 17 million so this is called up captialPaid up capital:this is the portion of that share which are acutally paid and it is shwon in the balance sheet, for example out of 17 milllion 16 million is paid by the holders so 16 million is paid up capital and it is shown in the balance sheetCapital:In simple words the term capital means the amount of money invested by the owner in the business to start a business. In case of Joint Stock Company the term share capital refers to the amount of money raised by the issue of shares.Kind of Capital:Authorized Capital:The authorized capital is also called nominal or registered. This is the maximum amount of capital which a company is authorized to issue. The amount of authorized capital is mentioned in the capital clause of memorandum of association along with its division into shares of fixed amount.Issued Capital:Issued capital is that part of authorized capital which is offered to the public for subscription or for the sale of shares. For example, if the authorized capital of a company is 10 Million and the company issues shares valuing 7 million $ then the issued capital of the company is 7 million $.Un-issued Capital:The Portion of the authorized capital, which is not offered to the public for the sale of shares are known as un-issued capital. In the above example the un-issued capital of the company is 3 million $.Called-up Capital:The part of the subscribed capital, which in fact the company asks the shareholders to pay, is called the called 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.
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.
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.
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.
Yes if the amount your insurance company paid did not cover the amount you still owed on the car. You are still responsible for the difference.
the amount they have invested in the company.
No. If the hospital has a contract with the insurance company, they will take care of filing the claim. If not, they will bill you and you will have to get reimbursement from the insurance company. Also, if it is a contracting provider, they have agreed to a total amount to be charged for various procedures and if the bill exceeds that amount they will write off the remainder. If they are not contracting, the insurance will still pay only the amount they think is a fair charge, less your deductible or copay, and if the hospital bill is more, you are responsible for paying the rest.
Authorized capital is the capital to which an organization is authorised to use in the business and maximum amount that can be used for the working of organization.
Nominal share capital is like an authorized share capital. The share capital that the company allowed (the maximum amount) to issue as registered capital when the company is incorporated. It can be changed later by the approval of the shareholders.
If you're only an authorized user on a credit card, you don't directly owe anything as far as the credit company is concerned. However, you can still be sued by the individual who has the card account.
When adding an authorized user to your account, you are agreeing to any and all charges that person places on the account. If the authorized user chooses to abuse the account, such as making purchases beyond the amount that you are able to pay or by exceeding the limit of the card, the negative effects goes against the primary users credit. The authorized users credit is not affected at all and they are not responsible for payments. So be careful who you chose to add to your card.
A merchant can & will require a minimum purchase amount in some cases. The credit card company charges the merchant for each transaction. If a purchase does not exceed the amount they are being charged from the cc company, they can decline to process your card. Most merchants have a sign explaining their policy.
Yes, but it does depend on what Country you are in!
no they can not
If you were an authorized user on your mother's credit card, then you are also responsible for outstanding debts on that account. If your mother had a Will and it was probated her bank accounts would be frozen, creditors paid off as well as any outstanding taxes on house/property and loans. The amount she charged on the credit card should have been paid by any money left in the Will. However, if she had little or didn't leave a will then I am sorry to tell you that you are responsible for the whole bill. Marcy THE CORRECT ANSWER I sorry but that answer is incorrect. There are different types of signers on a credit card agreement. There is the Primary, who's credit rating actually got the account. If the primary could not get the card with just his or her rating, then a Co-Signer would be needed that has the good rating. The Primary and the Co-Signer are both responsible for any charges incurred on the credit card. Then , there is what is called an "Authorized User". This is a person that the Primary and/or Co-Signer allows to use the card. They are put on the credit card account to use (charge) purchases to the credit card. HOWEVER, the Authorized user IS NOT responsible for payment, EVER. Alot of collections agencies will try to tell you that you have to pay the debt, but if you are only a Authorized User, you are NOT legally held to pay any part of the debt.. I worked for 3 banks with credit cards and I know that you do not have to pay, no matter what a collection agency tells you. And if they place anything on your credit report, you can sue them and have it taken off, or you can just dispute it, and then sue when the reporting agency does not take it off. IMPORTANT!!! If someone who is an authorized user of a credit card knowingly uses the card AFTER the death of the primary and cosigner, then that Authorized User WOULD be legally responsible to pay any charges placed on the credit card by them. It is ILLEGAL to continue to use a credit card as a Auth. User when you know that the primary is deceased, and therefore will not be able to pay the debt.
Any amount which is returnable by the company to it's owners or outsiders on the event of dissolution of company that amount is called liability of company
A service charge is typically a charge for a specific action that a company performs on an account or an order. A finance charge is an amount of interest that is charged on an amount of principal owed by a customer.