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What does TR FOR mean on a bank account?
The meaning of TR on a bank account is asset based financing.
What exactly does the term asset holdings mean in banking?
the bank has put a hold on your assets
What does it mean to borrow against an asset?
Borrowing against an asset means using the value of that asset as collateral to obtain a loan. This allows the borrower to access funds based on the asset's worth, with the understanding that if the loan is not repaid, the lender can take possession of the asset.
What does the term finance lease mean?
The Term "Finance Lease" means that the customer will pick an asset such as a vehicle and the lender will purchase the asset. The customer will be able to use the asset while they pay installments or rental fees, with the option to purchase the asset.
What do you mean by non-performing asset?
An NPA, or non-performing asset is a classification used by financial institutions that refers to loans that are in jeopardy of being in default.
What does TR FOR mean on a bank account?
The meaning of TR on a bank account is asset based financing.
What exactly does the term asset holdings mean in banking?
the bank has put a hold on your assets
What does AU mean on your bank statement?
Asset Utilization
What does asset mean what does asset mean?
asset is anything that appreciate in value over a period of time
What does it mean when the bank account in the cash book has a credit balance?
That doesnt happen often, but its when you send a bad check. Because cash account is an asset and carry debit balance
Why fixed asset are subject to depreciation?
fixed asset does not mean that the value of asset no decrease in future it,s for sure, that,s why we depreciate it annually.....
What does it mean to borrow against an asset?
Borrowing against an asset means using the value of that asset as collateral to obtain a loan. This allows the borrower to access funds based on the asset's worth, with the understanding that if the loan is not repaid, the lender can take possession of the asset.
What is mean by tourism asset?
An asset is something that you posses that is valuable. A tourism asset is a country, city, town or region that owns a feature such as the Great Pyramids that brings people and their money to their country.
What does the term finance lease mean?
The Term "Finance Lease" means that the customer will pick an asset such as a vehicle and the lender will purchase the asset. The customer will be able to use the asset while they pay installments or rental fees, with the option to purchase the asset.
What does residue value mean?
is it the value of what remains after depreciation from an asset
What does GA on a bank statement mean?
what does ga mean on bank statement
What does FAM Number mean?
"Fixed Asset Manager" number in Intuit Quickbooks. Must have the Fixed Asset Manager add-on to modify/manage.
