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Is a credit card company required to have the funds on hand prior to offering you credit?
Wiki User
∙ 10y ago
Not necessarily. They simply need to be able to balance their books at the end of the working day. They can issue a new customer a credit limit for immediate use - so long as they can balance any new 'withdrawal' by the end of the working day. Remember - you're unlikely to be their only customer. Existing customers that have borrowed on their own credit cards will be paing interest on their balances - so the company will always have the 'promise' of funds going back into their account to cover new accounts.
Wiki User
∙ 10y ago
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How do company arrange the external sources of funds?
Companies can issue a bond offering.
How do Listed companies raise funds?
A listed company can raise funds by offering shares for the public to buy. During an Initial Public Offer, the public buy shares and a pre-determined value of that money is used by the company as equity.
What is RC loan?
RC loan refers to Revolving Credit Loan. Revolving Credit is a line of credit, which maybe used whenever a company needs funds. Usually, such credit doesn't have fixed number of payments.
Can a credit card company garnish your wages in California?
A credit card company can garnish you wages if they successfully sue for the owed funds in court. They cannot garnish wages before going through the court system.
What is credit and debit in banking sector?
In banking parlance, Credit refers to a transaction where funds came into the account under question and Debit refers to a transaction where funds were taken out from the account. For ex: If your company deposits your salary into your bank account, it will be a credit transaction. Similarly, if you use your ATM Card and withdraw some money, it will be a debit transaction.
How do company arrange the external sources of funds?
Companies can issue a bond offering.
How would required new funds change if a company were at full capcaity?
i need to know that answer too. please, someone knows? and how do u calculate required new funds RNF?
How do Listed companies raise funds?
A listed company can raise funds by offering shares for the public to buy. During an Initial Public Offer, the public buy shares and a pre-determined value of that money is used by the company as equity.
How can you use a credit card to send a check?
Call your credit card company and ask for them to send you some checks that will pull on your available credit card funds. That's all it takes.
What is RC loan?
RC loan refers to Revolving Credit Loan. Revolving Credit is a line of credit, which maybe used whenever a company needs funds. Usually, such credit doesn't have fixed number of payments.
Can a credit card company garnish your wages in California?
A credit card company can garnish you wages if they successfully sue for the owed funds in court. They cannot garnish wages before going through the court system.
Where are the headquarters of the company Finance Credit?
Finance Credit is a company that no longer operates, having gone bankrupt in 2002. There was much scandal over their closure, due to a criminal investigation into siphoning funds. The founders of the company are currently serving prison time, in Norway, where the company originated.
Is it legal to invoice in Canadian funds but charge that amount in US funds on your credit card?
if your credit card is Canadian and you go to the USA your purchases will be charged in US funds, if your credit card is American and you come to Canada you purchases will be in Canadian funds.
Which credit cards are accepted at Hobo Handbags online store?
Hobo Handbags accept all major credit cards including MasterCard and Visa. The company also accepts PayPal funds. The company does not accept American Express.
Why do funds paid into your bank account appear as credit entries on your bank statement?
The funds are a credit to the bank that is issuing the statement. They "owe" you the money, therefore the credit.
What is cft?
Credit Funds Transfer
Can someone pay you by transferring funds from their credit card to yours?
They cannot transfer funds from their credit card but they could make a check or cash payment to your credit card.
