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it is when interest is paid in advance at the beginning of the loan term on a discount loan
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∙ 14y ago
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How can a bank guarantee be discounted?
A bank guarantee is issued by a bank to perform a task or to repay a loan by a borrower. It can be discounted when it is offered by the payee or last endorsee and the bank will pay and collect the amount from the drawer.
When a borrower receives the face amount of a discounted note less interest the amount is known as?
When a borrower receives the face amount of a discounted note less interest the amount, this is known as a discount loan. A discount loan is not actually discounted in the traditional sense.
What is the difference between a bank loan and a bank credit?
What is the difference between bank loan and bank credit?
Is bank loan an asset?
A bank loan is an asset for the bank as bank receives interest and principle payments from borrower.
What will be journal entry if a bank gives loan?
bank a/c dr to bank loan a/c
How can a bank guarantee be discounted?
A bank guarantee is issued by a bank to perform a task or to repay a loan by a borrower. It can be discounted when it is offered by the payee or last endorsee and the bank will pay and collect the amount from the drawer.
What is easier to pay car loan or bank loan?
bank loan
When a borrower receives the face amount of a discounted note less interest the amount is known as?
When a borrower receives the face amount of a discounted note less interest the amount, this is known as a discount loan. A discount loan is not actually discounted in the traditional sense.
What is loan boarding?
when a loan is been transfered fron bank to another. . .the bank which the loan is transfered to board the loan. .
What is the difference between a bank loan and a bank credit?
What is the difference between bank loan and bank credit?
Is bank loan an asset?
A bank loan is an asset for the bank as bank receives interest and principle payments from borrower.
What are the rules for getting a loan from Dubai Islamic bank?
how to get a loan to your bank if my bank now is not DIB
What will be journal entry if a bank gives loan?
bank a/c dr to bank loan a/c
I have an auto loan in my name can i get another auto loan in my name?
If you are already running a loan, then you can take a loan from another bank not from the same bank. If still you want a loan from same bank, then you can get on your parents name.
How can one have a personal loan from a bank?
To have a personal loan from a bank you need to have a bank that you have an account with and a financial advisor at that bank. You'll meet with them to tell them why you need the loan and how you will pay it back.
What is bank loan?
A bank loan is money that is owed to a lending institution. This can be, for example, a bank or a credit union.
Is there a limit to what you can loan froma a bank?
Yes, there is a limit to which one can loan from the bank
