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A deficiency balance typically does not include interest unless specified by the terms of the loan or agreement. It generally refers to the amount owed after a collateral asset has been repossessed or sold, minus the amount received from the sale. However, if the agreement states that interest can be added to the deficiency balance, it may include accrued interest as well. Always check the specific terms of the contract for clarification.
What else can I help you with?
How do you say Deficiency balance in spanish?
deficiencia
How do you treat deficiency?
by having a balance diet.
What is a deficiency balance for repossession Louisiana?
The deficiency balance in every state as relates to repossession is the outstanding balance of the original principle plus fees accrued by the repossession process that remain after the resale of the repossessed vehicle.
How do you treat deficiency diseases?
by having a balance diet.
What are some credit card companies with low interest balance transfers?
There are a great deal of credit card companies that offer low interest balance transfers. These companies include Citi, BankAmerica, Discover, and Capital One.
How is Interest Expense with a credit balance classified in the financial statements?
An Interest Expense with a credit balance is reclassified as Interest Payable on the Balance Sheet.
What is the interest and balance of 375 at 4 percent for 5 years?
If compounded, interest = 81.244 and balance = 456.245 If not compounded, interest = 75 and balance = 450
Which UK financial institutions offer a low interest balance transfer rate?
UK financial institutions that offers a low interest balance transfer rate include ANZ, BankWest, and Citibank. Many of these financial institutions also offer interest free deals for a certain amount of time.
What is the normal balance interest payable?
The normal balance of interest payable is a credit balance. This account represents the amount of interest that a company owes but has not yet paid, making it a liability on the balance sheet. When interest expense is incurred, it increases the interest payable account, reflecting the obligation to pay that amount in the future.
What are the terms and conditions of the 0 interest loan for 12 months?
The terms and conditions of the 0 interest loan for 12 months include no interest charged on the borrowed amount for the first year. After 12 months, interest will be applied to any remaining balance.
With a cross collateralized debt when the vehicle was surrendered can the creditor demand payment for deficiency?
In the state of Texas, yes the creditor can follow for the deficiency balance.
What is the interest bearing principal balance?
The interest-bearing principal balance is the amount of money on a loan or investment that accrues interest over time.
