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A loan.
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∙ 11y ago
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What is money borrowed and not yet paid back?
Debt
Do you have to pay taxes on money borrowed against paid up life insurance?
Borrowed money is not taxable.
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.
What do you mean by loan?
A loan is a thing that is borrowed, especially a sum of money that is expected to be paid back with interest. Banks can give these out.
What are the key differences between owners funds and borrowed fund?
The difference between owner's funds and borrowed funds is just that. One is owned, and the other must be paid back.
What is money borrowed and not yet paid back?
Debt
Do you have to pay taxes on money borrowed against paid up life insurance?
Borrowed money is not taxable.
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.
Why did Hoover oppose deficit spending?
He thought it would actually delay an economic recovery. Money borrowed must be paid back which is always hard to do. If the money is not paid back, the interest on it much be paid. It is tempting to borrow money to pay the interest and so the interest increases and become more burdensome. Taxes have to be raised just to pay the interest and increased taxes tend to restrict.
What are the differences between owners fund and borrowed fund?
The difference between owner's funds and borrowed funds is just that. One is owned, and the other must be paid back.
What is the price paid for the use of borrowed money?
It is interest
What do you mean by loan?
A loan is a thing that is borrowed, especially a sum of money that is expected to be paid back with interest. Banks can give these out.
What is an example of congress's borrowing power?
Money borrowed to pay for government expenses such as police, teachers, emergencies. Money which eventually will be paid back by taxes.
What are the key differences between owners funds and borrowed fund?
The difference between owner's funds and borrowed funds is just that. One is owned, and the other must be paid back.
An amount of $48,000 is borrowed for 14 years at 7.75% interest, compounded annually. If the loan is paid in full at end of that period, how much must be paid back?
82
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.
What is money loaned usually for a fee that must be paid back?
refund
