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Lying alongside a debt
Brennan Jacobs
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What is the limit for overdraft?
It depends on various factors like:Your history with the bankYour monthly salaryPresence of Collateral (Like gold or fixed deposits or securities)Usually it is 2 times of your monthly salary if yours is a salary account or 80-90% of the value of the collateral you pledge against your overdraft account.
How do you get overdraft in bank?
You can go to any bank that you have a bank account with and ask for an overdraft account. Whether or not they give you an OD facility depends on the following factors: a. The type of bank account you have b. Your history with the bank c. Your monthly salary d. Whether your salary gets credited to this account e. Can you provide collateral like Fixed Deposit or Gold etc. The chances of getting an overdraft are significantly higher for people having a salary account and even higher for people who can provide collateral.
What is a collateral bond?
"What is a collateral bond?"
How do banks decide if you can have an overdraft?
It depends on the following factors:The type of bank account you haveYour history with the bankYour monthly salaryWhether your salary gets credited to this accountCan you provide collateral like Fixed Deposit or Gold etc.The chances of getting an overdraft are significantly higher for people having a salary account and even higher for people who can provide collateral.
Can you get a payday loan with a prepaid debit card that has direct deposit?
No, at most loan companies you must have a valid and open checking account because they hold the check as collateral.
What is a advanced safe dollar collateral account?
what is an advanced safe dollar collateral account?
What is the nature of debenture suspense account?
Debenture Suspense is adjustment account which is prepared at the time of issue of debenture as collateral security to record the collateral issue.
What is a margin account?
A " Margin Account" is a type brokerage account in which the broker-dealer lends the investor cash, using the account as collateral, to purchase
What is Collateral management?
Collateral Management: Collateral means , mutual agreement. Collateral Managemet is a line of busineed in banking sector , each investor will have collateral agreement on some mutual transaction. One of the example, Equity Derivatives. It provides interface to enter collateral data, and it has a master data of collateral descriptions and types. It maintains customer, collateral, and credit account relationships so the amount of idle collateral can be determined. It is usually packaged in an application or part of the core-banking application.
What is the limit for overdraft?
It depends on various factors like:Your history with the bankYour monthly salaryPresence of Collateral (Like gold or fixed deposits or securities)Usually it is 2 times of your monthly salary if yours is a salary account or 80-90% of the value of the collateral you pledge against your overdraft account.
What types of income can be put up as collateral for a loan?
Any income can be used as collateral but it is not advisable. Tangible collateral is much safer. I am dubious if someone wants cash, check, money order, or other forms of hitting your bank account. So many are scammers and will clean you out in a heartbeat. Beware!
How do you get overdraft in bank?
You can go to any bank that you have a bank account with and ask for an overdraft account. Whether or not they give you an OD facility depends on the following factors: a. The type of bank account you have b. Your history with the bank c. Your monthly salary d. Whether your salary gets credited to this account e. Can you provide collateral like Fixed Deposit or Gold etc. The chances of getting an overdraft are significantly higher for people having a salary account and even higher for people who can provide collateral.
What is collateral and demat account in trading?
Collateral is any form of security that you must provide while doing margin trading. In case of losses your broker would take money from the collateral you provide. DEMAT stands for Dematerialized. in olden days shares were held in paper form. later with the advent of computers and latest technology, shares are held in electronic form or dematerialized form. those shares are saved in the respective share holders DEMAT account.
What is the opposite of collateral?
Antonyms of the adjective collateral are:chiefdifferentdissimilarimportantindependentmajornecessarymainprimaryAntonyms of the noun collateral are:breakuncertainty
What is a collateral bond?
"What is a collateral bond?"
What is marginal money?
Margin is a line of credit issued to an investor typically from a brokerage firm using other investments held in the account as collateral.
How do banks decide if you can have an overdraft?
It depends on the following factors:The type of bank account you haveYour history with the bankYour monthly salaryWhether your salary gets credited to this accountCan you provide collateral like Fixed Deposit or Gold etc.The chances of getting an overdraft are significantly higher for people having a salary account and even higher for people who can provide collateral.
