How do savings bonds work?
When you buy a savings bond, you get a coupon payment periodically during the lifetime of the bond (typically 3%-4% of the face value), and when the bond matures, you get the original amount of money you paid back as well as the final coupon payment. ...
Asked in Annuities
Who should I consult to set up an annuity payment?
There are plenty of companies that sell annuities, e.g. https://www.jackson.com/Index.jsp . Once you make the payment and it matures, you can get a guaranteed monthly payment for life. ...
What should be supporting documents of payment voucher?
suporting document for payment invoice
Asked in Banking, Business Finance
What is meant by Payment by documents through bank?
Payment by documents through your bank is how you have made your payment. The document could be your check. ...
Can you voluntarily dissolve your mortgage with your lender?
Yes, by paying it off in full. You should review your original mortgage document to determine if there is a pre-payment penalty if you will be paying it off early. ...
Asked in Business & Finance
What are the business document used in accounting?
Cheques, Receipts, Payment invoice, Cash invoice,
In Arkansas can a collection agency sue you if the original creditor accepts payment on the debt?
If the debt was sold to a collection agency and the original creditor accepted payment AFTER the debt was sold, the money does not belong to them. If, however, you paid the debt and it was mistakingly sol after that payment, the collection agency can't try to collect. If you have proof of payment, forward it to the collection agency and deman in writing that they cease trying to collect this debt. ...
Asked in Deeds and Ownership
How does an addendum work when selling a house or purchasing a house?
An addendum is a legal document that is attached to a pre-existing legal document. It adds other terms and provisions to the original agreement. An addendum can modify or amend the original agreement. Once signed by the parties it has the same legal effect. In a real estate transaction the original document would be the Purchase and Sale Agreement. An addendum to a P&S Agreement can address issues such as financing, the contingency listing of the buyer's property, payment terms if there...
Why people prefer only DA Payment terms?
Isn't it the bank is fully aware of the order is under certain # days of D/A so you will have the first priority to collect the payment before the account holder. This is how the payment term document against acceptance stands. ...
Asked in Microsoft Excel
What is recurring document?
There are some business transactions which occur regularly at fixed intervals. Examples are rent payment; payment of term loan installment and payment of vehicle loan installment. In order to post this type of transactions we can use this recurring document functionality. To use the recurring documents two conditions are to be satisfied.. 1. The day of posting should be same in every interval 2. Theamount of the transaction should be same in every interval. For every recurring document we should specify the fist rundate. Last...
Asked in Business & Finance
Is the meaning of undrawn amount of LC and unpaid document value is same?
No the undrawn amount is the amount which is not called for payment in the documents, the unpaid document value is caled for but that part of the documentaton is not according to the letter of credit reuirements ...
What is payment slip?
A payment slip is a document sent by a creditor to a debtor with all the necessary information filled in in order a payment to take place. The debtor confirms the payment by her/his signature and the sum due to be payed, in case the latter has not been included. Usually the payment slips are in the form of strips of paper, but since some time electronic payment slips exist too. They are sent on the debtor's mobile phone or e-mail...