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What is money loaned usually for a fee that must be paid back?
refund
What is it called when money loaned usually for a fee that must be paid back?
It's called intrest man
What is money loaned usually for a fee that must be paid back called?
It's called intrest man
When money is loaned for a fee that must be paid back what is it called?
It's called intrest man
What are the difference between debit and credit?
Debit cards are generally connected to a normal bank account and use money that is saved by the account holder. Credit cards on the other hard used borrowed on loaned money that must be paid back with interest.
If money was loaned in Michigan and the person lives in Ohio where do you sue?
In most instances the creditor/lender must sue the borrower/debtor in the state court in the county in which the borrower resides.
When people take out a mortgage they must pay back the money?
Yes. The money must be paid back to the lender. If not paid back then lender can take possession of the real estate and sell it.
Do I have to repay a personal loan from a friend when there was no promissory note signed?
Yes. Even though you didn't sign a promissory note the friend may be able to show evidence that the money was loaned to you. They may win in a lawsuit. Also, you have a moral duty to repay your friend.Oral contracts between adults are binding for all except real estate sales where contracts MUST be written. However, there must be evidence of the oral contract. The plaintiff must be able to provide evidence that a loan was made and the defendant agreed to pay the money back.Yes. Even though you didn't sign a promissory note the friend may be able to show evidence that the money was loaned to you. They may win in a lawsuit. Also, you have a moral duty to repay your friend.Oral contracts between adults are binding for all except real estate sales where contracts MUST be written. However, there must be evidence of the oral contract. The plaintiff must be able to provide evidence that a loan was made and the defendant agreed to pay the money back.Yes. Even though you didn't sign a promissory note the friend may be able to show evidence that the money was loaned to you. They may win in a lawsuit. Also, you have a moral duty to repay your friend.Oral contracts between adults are binding for all except real estate sales where contracts MUST be written. However, there must be evidence of the oral contract. The plaintiff must be able to provide evidence that a loan was made and the defendant agreed to pay the money back.Yes. Even though you didn't sign a promissory note the friend may be able to show evidence that the money was loaned to you. They may win in a lawsuit. Also, you have a moral duty to repay your friend.Oral contracts between adults are binding for all except real estate sales where contracts MUST be written. However, there must be evidence of the oral contract. The plaintiff must be able to provide evidence that a loan was made and the defendant agreed to pay the money back.
Money borrowed that must be paid back?
A loan.
What must happen under a fractional banking system before the amount of money loaned out can increase?
In a fractional banking system, banks must first receive deposits from customers, which serve as the basis for their lending capacity. The reserve requirement, set by the central bank, dictates the minimum percentage of deposits that must be held in reserve. Before the amount of money loaned out can increase, banks must either attract more deposits or reduce their reserve ratio, allowing them to lend a greater proportion of their deposits. Additionally, an increase in demand for loans can also stimulate banks to lend more.
Why must money be divisible?
money must be easily divisible so that it would not be destroyed in the process. one would not want to buy goods and not get back the change that is due to them. As a result any commodity that is being used as money must be one that can facilitate giving back change without being destroyed.
How do loans for mortgages work?
A loan for a mortgage starts out with an application that includes a credit check which will help determine the interest for the loan. Once approved, the house becomes the collateral and all money loaned as well as interest must be paid.
