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What is the proportion of my current loan balance to the original loan amount?
The proportion of your current loan balance to the original loan amount is the percentage of how much you still owe compared to the total amount you borrowed.
How can a payment create a credit balance on an account?
A payment can create a credit balance on an account when the amount paid exceeds the total amount owed. This results in the account having a positive balance, which can be used towards future purchases or refunded to the account holder.
What is meant by a 'jumbo' mortgage loan?
A jumbo mortgage loan is a residential mortgage loan which has an original principal balance which exceeds the maximum amount permitted by the agencies typical guidelines. You would need to meet your bank manager for further information.
What is the difference between the principal balance and the outstanding balance on a loan?
The principal balance is the original amount borrowed, while the outstanding balance is the amount still owed on the loan after payments have been made.
What is the principal reduction formula used to calculate the decrease in the original loan amount?
The principal reduction formula calculates the decrease in the original loan amount by subtracting the payment made towards the principal from the original loan balance.
Amount of cash overages for a period exceeds the amount of cash shortages the balance in the account cash short and over will be?
credit
What is the proportion of my current loan balance to the original loan amount?
The proportion of your current loan balance to the original loan amount is the percentage of how much you still owe compared to the total amount you borrowed.
How can a payment create a credit balance on an account?
A payment can create a credit balance on an account when the amount paid exceeds the total amount owed. This results in the account having a positive balance, which can be used towards future purchases or refunded to the account holder.
What is meant by a 'jumbo' mortgage loan?
A jumbo mortgage loan is a residential mortgage loan which has an original principal balance which exceeds the maximum amount permitted by the agencies typical guidelines. You would need to meet your bank manager for further information.
What is the difference between the principal balance and the outstanding balance on a loan?
The principal balance is the original amount borrowed, while the outstanding balance is the amount still owed on the loan after payments have been made.
What condition leads to a positive nitrogen balance in the body?
A positive nitrogen balance in the body occurs when the amount of protein intake exceeds the amount of protein breakdown. This can happen during periods of growth, recovery from illness, or when engaging in regular physical activity.
How can child support freeze your bank acct when on disability?
They can freeze it if your unpaid balance exceeds the amount specified in the regulations. But, you should file for a modification.see links below
What is the principal reduction formula used to calculate the decrease in the original loan amount?
The principal reduction formula calculates the decrease in the original loan amount by subtracting the payment made towards the principal from the original loan balance.
When a house is auctioned do you owe the balance of the mortgage after it is sold?
If the home was foreclosed on, you are still liable for the balance on the loan. Depending on the circumstances, some investors may not want to pursue it if the cost to collect exceeds the amount being collected.
If your credit side of a trial balance exceeds the debit side by a significant amount is it okay to add the difference to the balance of misc expense to complete the current month' financial statement?
your taking accounting for managers too huh? lol
What is the differences between impairment and depreciation?
Depreciation means the depreciable amount of an asset (cost/revalued amount less residual value) is allocated on a systematic basis over its useful life.Depreciation = Depreciable amount / Useful lifeImpairment means when an asset/s carrying amount is exceeds its recoverable amount, the amount over recoverable amount should be write off from carrying amount and present in Balance Sheet. This process is call as ImpairmentAn impairment (loss) is the amount by which the carrying amount (i.e. balance sheet value) of an asset or cash-generating unit exceeds its recoverable amount.Impairment = Carrying value - Recoverable amountIf there is any indication that an asset may be impaired, the entity should estimate its recoverable amount. If the recoverable amount is less than the carrying amount, the carrying amount of the asset should be reduced to the recoverable amount.
The is the original amount owed on a loan A Loan due B Interest C Available balance D Principle?
D
