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Is it permissible to charge interest on interest?
Charging interest on interest, also known as compound interest, is generally permissible and common in financial transactions such as loans and investments.
What are the charges for credit card transactions?
The charges for credit card transactions typically include interest rates, annual fees, late payment fees, and foreign transaction fees.
Is a cross currency swap an FX transaction?
A cross surrency swap has elements of both currency and interest rate transactions.
How does a bank makes its profit and generates revenue?
Banks make their profit through interest from loans, credit cards etc. and also from the fees from having a bank account and eftpos transactions etc. _____________________________ Fees and Interest.
What is EIBOR?
It is the interest rate charged by banks in the United Arab Emirates for interbank transactions. It is the reference rate commonly used to conduct financial transactions in Dubai and the surrounding Emirates. Many Islamic banks it as a benchmark for determining the rental rates for special leasing agreements.
A law that establishes a maximum interest rate for credit transactions of 24 percent is it substantive or procedural law?
a law that establishes a maximum interest rate for credit transactions of 24 percent
What property interests are protected by substantive due process?
The property interest protected by substantive due process is the deprivation of property.
What is substantive representation?
Substantive representation is when the legislature advocates for certain groups. These groups can be individuals or any kind of special interest groups.
What is the purpose of interest and how does it impact financial transactions?
The purpose of interest is to compensate lenders for the use of their money and to incentivize saving. Interest impacts financial transactions by influencing borrowing costs, investment decisions, and overall economic activity.
Is it permissible to charge interest on interest?
Charging interest on interest, also known as compound interest, is generally permissible and common in financial transactions such as loans and investments.
What are the differences between substantive procedures and substantive analytical procedures?
They are not both "analytical", but "substantive" and "analytical". Substantive procedures are reviews of documents for a "substantial portion" of account activity, while analytical procedures includ controls test and test relying on mathematical relationships reflectinb accounting mecvhanics, contractual provisions [debt times interest rate], or business capabilities [production per machine hour or day].
When does a court rule that a law violates substantive due process?
A court may rule that a law violates substantive due process if it infringes on fundamental rights such as the rights to privacy, liberty, and personal autonomy without a legitimate government interest. The law must also be found to be arbitrary, unreasonable, or oppressive in order to be considered a violation of substantive due process.
What are the charges for credit card transactions?
The charges for credit card transactions typically include interest rates, annual fees, late payment fees, and foreign transaction fees.
What items do not have NZ GST added on them?
Domestic rental and financial transactions (eg interest and bank charges).
What is the highest allowable interest rate for used card in Iowa?
IOWA, the legal rate of interest is 10%. In general consumer transactions are governed at a maximum rate of 12%.
Does a law that restricts a fundamental right violate substantive due process unless it promotes a compelling or overriding state interest?
the answer is TRUE... looked it up in my Business law book
What are the regulations regarding transactions with related parties?
Regulations regarding transactions with related parties require companies to disclose and justify any transactions with individuals or entities that have a close relationship with the company. This is to ensure transparency and prevent conflicts of interest. Companies must also follow specific reporting and approval procedures when engaging in transactions with related parties.
