What is a transfer payment?
In economics, a transfer payment (or government transfer or simply transfer) is a redistribution of income in the market system. These payments are considered to be nonexhaustive because they do not directly absorb resources or create output. Examples of certain transfer payments include welfare (financial aid), social security, and government subsidies for certain businesses (firms).
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Can an eBay seller of a vehicle repo it after payment has been made and title has been transferred because they want their money for delivery?
I doubt it. The person has the title and payment has been given you. The mistake came when you sent title and accepted payment that didn't include shipping. If you did it through PayPal you may have some recourse.
How do you get your name taken off of a loan you co-signed for without having to pay the transfer of ownership payment that the borrower does not want to pay?
When you co-sign that is YOUR LOAN! I am sure your banking institution made you aware of this. When one chooses to co-sign it's because the person they co-signed for cannot get a loan for one reason or the other. In over 90% of the cases the person you co-signed for does not pay off the loan.. I su…ggest you go into your banking institution where you co-signed for that loan and make an appointment and see what they can do for you. However you handle this you will be paying out something.. ( Full Answer )
not sure of the exact question - but i will go with what i think you are asking. "if you get a mortgatge will there be 2 separate payments involved?" NO. A mortgatge is a loan that is paid back over regular increments of time, usually monthly. The payment is "applied" (by the loan company) to princi…pal and to interest portions. Initially they will put almost all of the payment towards the interest. Theroetically, half way through the life of the loan, they will apply half of your payment to the principal (borrowed amount) and half to the interest (cost of borrowing the money). the last few payment would be applied to the principal almost exclusively, the opposite of when you started paying the loan. It is set up so the borrower can get the "fee" for the loan paid back sooner, rather than having to wait until the loan is completely paid off. this has been a simlification of course because there are many different kinds of payment arrangements, but they almost all genereally operate this way. The question also asks about an equity payment. Equity is your portion of the value of the property. Beyond your down payment, there should be no further payments. ( Full Answer )
Can a person avoid any mark on their credit report if a lender accepts a deed to transfer property and walk away where the mortgage has been previously discharged but the person is current on payments?
Answer . If payments have been made on time and there is no notice of foreclosure or repossession, the credit report should note the loan is paid in full. Verify what the bank will report. Keep documentation about the transaction with the bank in your records and make sure that all three credi…t reporting agencies reflect the correct information. ( Full Answer )
Answer . Contact the Pay Day Loan company and request that it be stopped. Get something in writing.. If that doesn't work, report your checkbook as lost/stolen. Your account will be frozen until the bank changes your account number.
A payment made that is someone or a company is not obliged or legally required to do so. It is usually done to retain the business of a specific customer.
Yes. Or the bank can "add" you to the loan and retain the originator too making the loan a "joint" or "co-signed" loan.
I took a line of credit out 10000 for my sister who is in debt and she is now paying me the minimum payment per month to pay the debt is there any way to transfer the debt to her?
There really are only 2 ways to transfer this debt to her, and both may be unlikely if she has a poor credit rating: . Ask the lender to add her name and remove your name: This rarely occurs, since it absolves you of all liability of repaying the debt. A lender will want to retain the account hol…der most likely to repay (the one with the higher credit score). . She can apply for a separate loan and use the proceeds to repay your loan. It is doubtful she would be approved for a loan with reasonable interest. Usually, obtaining more debt does not improve a situation. You are a good sister to do this, but know that it could catch up with you in the end if something happens and she cannot repay the debt. Next time, you might want to advise that you are not a bank! ( Full Answer )
You are a green card holder living in the US your parents are transferring 100000 to you to be used as part of a down payment on a home do you have to pay tax on this amount?
No, I really don't think so. I'm not sure how it would be different than appearing to be your funds being used. If you went there and they gave it to you, and you used it here...even if you had them send it to you as they help with your affairs from there, it wouldn't be taxable income to you. … or alternatively, if they and you were here, and they gave it to you, as a family gift it wouldn't be income taxable to you, but something called "gift taxable" by them. However, I suspect that as non-citizens, this tax wouldn't apply to them either. ( Full Answer )
You want to sign the title of your financed car over to your brother but how does the transferring of payments work?
Firstly, you cannot 'sign the title' over to anyone if you do not own the car free and clear. The lending institution has the original ownership title and you must have their permission to sell, as you are not the legal owner. . As is usually the case in matters like this, the lending agency may r…equire that the new owner refinance the loan. Check all the fine print in the original contract - sometimes it allows for the new buyer to assume the loan, and other times not. ( Full Answer )
If you transfer your account balance to another credit card does that action act as a payment to the credit card it was tranfered from?
Yes. You've moved the debt from one account to another, so the first account would recognize the transfer as a payment and the second account would treat it as a new debt.
The New EnglandÃ area pays the largest tax payments per capital,while other states scattered, second with $13,950 per capitaallotted followed by the third state. The third rank would beVirginia at $16,610, the payments measures to strengthen the UnitedStates payment mechanisms to increase process…ing. ( Full Answer )
There are so many different types instruments of payments. The mostcommon ones cheques, wire transfers, credit cards and so manyothers.
Telegraphic transfers are bank to bank transfers, which are normally done through Internet Banking and you dont need to physically go to the bank to make the transactions.. This cuts down time, money and resources if you make international payments very often.
What is RTGS? RTGS stands for Real Time Gross Settlement. RTGS is the fastest money transferring mechanism between the banks. In RTGS, the transactions are processed and settled in "Real time" and on "Gross" bases. Once the transaction is settled, it is irreversible. "Real time" means as and wh…en the transaction is processed. There is no waiting time. "Gross" means the transaction is settled individually without being clubbed with other transactions. Net Settlement Mechanism: A well known alternative settlement mechanism is Net Settlement. In Net settlement mechanism, the transactions are received and processed as and when it arrives. However settlement happens in a batch process, typically at the end of the day. The batch contains list of transactions that are net amount to be transacted between banks. In some countries the batch may be submitted more than once in a day. Goals of RTGS The goals of RTGS are 1. To reduce settlement risk due to settlement lag 2. To reduce credit risk 3. Speed up the process of high value payments 4. To give accurate position of the participating bank RTGS & Core Banking System The RTGS does not require the participating banks to have core banking system in place. The core banking system of banks is used to record transactions of its customers in the banks books whereas the RTGS transactions happen for participating banks in the books of Central Bank. The participating banks can access RTGS system through the means provided by the central bank. The common interfaces provided for RTGS system are Participant Interface (PI) or Web Interface (WI). Participant Interface The Participant Interface is thin application that is installed in the commercial banks. The user can enter transactions in PI which submits it to the RTGS system in central bank through communication network. All error messages and notifications including the settlement notification will be received by PI. Web Interface With the advent of technology the latest RTGS implementations are normally provided with the Web Interface. The WI is user friendly and there is no need to install any separate software. Web browsers like Internet Explorer and Firefox can be used to submit transactions to the RTGS system. All error messages and notifications including the settlement notification will be received by WI. Straight Through Processing (STP) If the participating bank has core banking system then it can be interfaced with the RTGS through connecting mechanism called Straight Through Processing (STP). STP is defined as that the payment transactions are keyed in only once and processed until settlement. For an STP, payment transactions can come from core banking system, trading system or any other system. The transaction request message will be automatically routed to RTGS system and the response received from RTGS will be processed and sent to the appropriate system that raised the transaction request. STP is very useful when there are many RTGS transactions to be submitted and manual entry of each transaction is difficult. Security The transactions that are submitted to RTGS are safe, secure and reliable. The Central Bank takes due diligence in the matter of security of RTGS system and address all the issues like authenticity, duplication and non-repudiation. It does not matter what type of interface participant banks use to submit transaction to RTGS, the security is always ensured. Liquidity In the Net settlement system the participating banks are to pay only the net difference of debit and credit where as in RTGS each transaction is effected individually. Because of this nature RTGS demands more liquidity to be available with the participating banks. For example, say Yes-Bank is to pay No-Bank amount of 100,000 SDG and No-Bank is to pay Yes-Bank amount of 75,000 SDG. In Net Settlement System, the two transactions would be netted and one transaction from Yes-Bank to No-Bank for the amount of 25,000 SDG would be effected. Hence the total liquidity in the system needed for settling these two transactions is 25,000 SDG. On accounting entry perspective, there will be one debit and one credit entry for the amount of 25,000 SDG. In RTGS, the mentioned two transactions would be settled as individual transactions, so two transactions, one for 100,000 SDG and another for 75,000 SDG will be effected. Hence the total liquidity in the system needed is 175,000 SDG. Though RTGS system has many advantages, the high liquidity need is a drawback of it. This is mainly due to the asynchronous nature of the payments. However, Central Banks provide additional liquidity needed by RTGS to the commercial banks. Also this additional liquidity is inbuilt in the RTGS system and takes place automatically when a commercial bank is in need of liquidity. The following are the facility by which liquidity problem is sorted out. Intraday Repo The repo transaction is selling of security from one bank to another bank or central bank with the agreement to repurchase it later. Incase the repurchase cannot be done as per the agreement; the sale can become a permanent trade. This is the liquidity mechanism to be used in the Sudan's RTGS system. Settlement Queues There are queuing mechanisms available in RTGS. In this mechanism, the transactions that cannot be settled due to lack of funds will be kept and retried later when the funds arrive. By this mechanism, the rejection of transactions due to lack of funds will be avoided. Gridlock Mechanism When there are multiple transactions to be settled and each transactions wait for another transaction to settle, the situation is called gridlock. In gridlock situation no transaction settles and waits indefinitely for other transaction to settle. RTGS has gridlock solving algorithms which will consolidate those transactions and settle it as a group. The gridlock program can be scheduled to run automatically or my by manual trigger. Transaction Value Unlike Net settlement system which generally process transactions of any amount, RTGS only works the high value transactions. Numerous studies have shown that few number of transactions accounts for high value of transaction settled per day. For example, say 100 transactions have the total value of 1M SDG, where as 900 transactions amounts for only 0.5M SDG. RTGS system is designed mainly to focus on the 100 high value transactions. RTGS will replace any high value clearing systems that are in practice. However, it will not replace Net Settlement System because Net Settlement System is still needed to process the high number of low value transactions. After the implementation of RTGS, Net Settlement System will be able to submit more than one batch per day. ( Full Answer )
The answer is that the recipients make no contribution to current production in return for them.
if you had a job or done work around the house you would receive payment. when you work it is rather called wages but it means the same thing.
If I am driving a car in my mother's name and she passed away and I am the person who has made all the payments how easy is it to transfer the name on the title?
You would have to talk with the executor of the estate. If you can prove the payments were made by you, you should be able to work it out, but the probate court will have to okay the transfer.
How do you transfer car title when the car is financed with a different owner but I make the payments on the car?
Typically you cannot transfer the car title because the person who is financing the car doesnt even have the title, the title stays with the bank. Youd have to go to a dealer with the person and have the dealership work that out
Get payments where and whatfor? If you want to get payments as a private person they can just wire transfer the money, if you want to sell something on the internet you can either do the same or look around for other payment options (like credit card - very common, paysafecard - very safe and also… very common etc.). I suggest asking another question with more details so you can get a better answer. ( Full Answer )
I'm buying a car from my brother he's buying it from Chrysler Can the payments be transferred to my name?
yes have to talk to cheysler . Unless the loan is in your name, the payments will be in his name.
If you have a trust fund and you don't like how there handling it at the bank trustee can you transfer it to some other bank of your choice or get a lump sum instead of monthly payments?
You need to review the terms of the trust to determine if you have any power to change the status quo. You may need to petition a court to make a change in the trustee. You should consult with an attorney who specializes in trusts.
Doing a payment is to express completing a payment. payment is done means it has been completed.
I do not have a credit card for making payments is there any other way to transfer money electronically?
I doubt you'll find anything for free, but an alternative to a credit card would be a prepaid debit/credit card, or Western Union. If you open a checking account at a bank, some offer free checking with a debit card that can be used as a credit card for electronic transfers. Some also offer wire tra…nsfers from the bank to approved creditors for more convenient bill paying. You can also use PayPal, MoneyBookers, and a few other companies that handle free electronic money transfers. You will have to have a bank account to participate, however. ( Full Answer )
The money in your bank is finished and you have to make some urgent payments how will you transfer the money in your account with the help of a mobile phone?
"The money in your bank is finished and you have to make some urgent payments how will you transfer the money in your account with the help of a mobile phone?" .
I would highly recommend that the other person gets a loan them self and buys the motorcycle from you and you pay off your liability. I would advise against a transfer if its even possible by the creditor. It will help you liability wise and it will help your credit. You could be in for trouble doin…g it any other way. ( Full Answer )
In rural areas where no banking facilitiesare available Person-to-Person SMS Payments is a good option torely on. The recipient is sent an SMS code which they can use at anATM to withdraw money from any of the bank's ATMs/ branch. Here wehave a link that explains it well.(http://www.cr2.com/solution…s/mobile-banking/p2p-payment.html) ( Full Answer )
Can a credit card company change the repayment terms on a balance transfer account with no late payments?
They can change the terms under the card agreement and with proper notice. The problem is that quite often the list of reasons terms may be altered is extensive. Late payments on another account, low credit scores, opening too many other accts etc.. You should call the card issuer and find out what… the reason was. ( Full Answer )
The answer is that the recipients make no contribution to current production in return for them.
Government spending on goods and services is like individual spending or corporate spending for goods delivered and services received. Transfer payments are made by governments to individuals or corporations without expectation of receiving either a physical product or a service in return. Exam…ples include: . Payments to disabled people which allow them to survive despite having no way to earn an adequate income . Payments "earned" or expected via "social contract" such as Social Security payments . Payments which have the effect or dampening the impact of localized disasters. Disaster relief and similar payments are seen as a form of "fair" distribution of the harm from random events or simply because the public wants to achieve some form of fairness. . Payments to farmers and farming corporations to get them to NOT grow certain crops (unless you see not growing something to be a "service") . Payments made simply because a special interest group had the money and clout to influence legislation in their favor. ( Full Answer )
the payment is a life of hell until your sins are replenished and you are pure, nobody is pure to begin anyway
How do you get info regarding Ralf Financial Services Pty Ltd I got email saying tht they are offering me job of transformational agent where as in i have to js receive payments and transfer?
I got the same email. Its a scam, where you give them your bank details and they clear it out. Do not respnd to it, and report it to your local police.
Simply put, it is a letter or piece of paper telling an agent to carry out certain instructions. Examples are: 1.The issuing of a check (Cheque to some) 2.Making a cash deposit at a bank 3.Signing a credit card receipt 4.A signed letter to your agent that states a request to carry out a s…pecific task. these examples are all known as instructions. Correct me if I'm wrong, thanks. ( Full Answer )
Which of the following statements best explains the effects of transfer payments and taxes on aggregate spending?
Transfer payments and taxes affect aggregate spending indirectly by first changing disposable income and thereby changing consumption..
Against what means for transfer of corrupt payments does the Foreign Corrupt Practices Act of 1977 legislate?
Representative means for transfer of corrupt payments included: Overpayments; Missing records (no receipt); Misclassification of costs (bribes recorded as consulting fees or commissions)
"Will be transferred"; a passive voice verb form always requires the past participle of the prinicpal verb, and the past participle of "transfer" is "transferred".
Payments are coming off of our credit card for a timeshare we thought we bought and did not get at all.What they sold us is useless in their own words.We can not keep paying for something we don't have.
Can a Crossed checks be transferred. The check is made out to may company but I want to transferred it to another company for payment?
A crossed cheque can only be paid into the account as detailed on the cheque - this reduces the risk of theft and fraud as it limits the possibility of someone else cashing it.
A transfer is the act of taking something from one place toanother, or an instance of taking something from once place toanother.
I pay support to mother through the state of Colorado will payments transfer to the state of Tennessee if child is in state custody i e Group home and Will they intercept payments from mother?
Continue to make your payments through Colorado until notified otherwise. CO SDU should transfer the payments to Tennessee.
A payment voucher is a bond which is worth a certain monetary value and which may be spent only for specific reasons or on specific goods
Absolutely not. The property remains subject to the mortgage and the person who signed the mortgage remains responsible for paying the loan. You should review the documents you signed when you granted the mortgage. The lender usually includes a clause stating that in the event of any transfer of i…nterest in the property the full amount owed is due immediately. If the grantee wishes to assume the mortgage that must be done with the written consent of the lender and the written guarantee of the grantee. Absolutely not. The property remains subject to the mortgage and the person who signed the mortgage remains responsible for paying the loan. You should review the documents you signed when you granted the mortgage. The lender usually includes a clause stating that in the event of any transfer of interest in the property the full amount owed is due immediately. If the grantee wishes to assume the mortgage that must be done with the written consent of the lender and the written guarantee of the grantee. Absolutely not. The property remains subject to the mortgage and the person who signed the mortgage remains responsible for paying the loan. You should review the documents you signed when you granted the mortgage. The lender usually includes a clause stating that in the event of any transfer of interest in the property the full amount owed is due immediately. If the grantee wishes to assume the mortgage that must be done with the written consent of the lender and the written guarantee of the grantee. Absolutely not. The property remains subject to the mortgage and the person who signed the mortgage remains responsible for paying the loan. You should review the documents you signed when you granted the mortgage. The lender usually includes a clause stating that in the event of any transfer of interest in the property the full amount owed is due immediately. If the grantee wishes to assume the mortgage that must be done with the written consent of the lender and the written guarantee of the grantee. ( Full Answer )
The correct way to is to say "make a payment." Your action isn'tdoing anything besides actually making said payment, so "doing apayment" would be incorrect. To use it correctly in a sentence, anexample of this would be "I need to hurry up a make a paymentbefore my landlord takes my apartment away fr…om me." ( Full Answer )
How do you transfer child support payments directly to your child and at what age does child support stop?
You cannot pay child support directly to your children. It usually stops at 18 but differs slightly between states and can be prolonged if the child is in college. You need to check your particular child support order, separation agreement and state law. Child support is paid to the custodial parent… and not the child. After 18, and usually when the child is attending college, the parents may be able to have the support order modified to be paid to the child if they both agree. ( Full Answer )
ACH stands for Automated Clearing House, It is a network of computers linked between banks and financial institutions,. An ACH payment transpires when one entity such as a retailer, known as the "originator" makes an electronic request to a financial institution (the "receiver") for a transfer of …funds. The availability of funds is first confirmed before the transfer takes place. ( Full Answer )
\n. can my payment from new york be transferred to my bugiri centenary branch uganda
When the government collects taxes and pays out transfer payments as a way to balance the economy what are these fiscal tools called?
Automatic Stabilizers - because the taxes and transfer paymentschange when an individuals income changes, it allows an "automatic"change that should eventually balance out.
No, because at that point you don't actually have thetitle, the bank does. The bank really doesn't care who drives"their" car, as long as the person who signed the loan keeps makingthe payments. If you want someone else to officially take responsibility for thepayments, then you're going to need …to get the bank involved; theymay or may not go for this, depending on the new person's creditsituation. There's nothing that says you can't sell the car to someone else atany time you like, as long as you pay it off completely first. Insome situations (such as trading it in to a dealer), there will besome paperwork that says that you're transferring your interest inthe car to them and that you give them permission to pay off theremainder of the loan and in return receive the title directly fromthe bank. ( Full Answer )
What paper work do you do when a person wants to have another person take over payments on her house and transfer the title until its paid for?
You will need to make contact with the mortgage holder (people thatloaned money to buy the house) and get their approval. Until theloan is paid off, the mortgage agreement is between the homeownerand the mortgage holder. That agreement cannot be changed withouttheir approval, or a court order (such …as bankruptcy) or the deathof the borrower. In effect, you would transferring your mortgage tothe other person- and that person might not be acceptable to themortgage company. ( Full Answer )
What is the transfer of money goods and services to a buyer with the understanding that payment will come at a later time?
This transfer of goods and services with the understanding ofpayment later can be one of these three things...Credit, Loan, andsometimes barter depending on the original agreement.