The account Mortgage Loan Payable contains the principal amount owed on a mortgage loan. (Any interest that has accrued since the last payment should be reported as Interest Payable, a current liability. Future interest is not reported on the balance sheet.) Any principal that is to be paid ...
How should a mortgage loan payable be reported on a classified balance sheet? Why are loan costs amortized? Is a loan payment an expense? What is the difference between loan interest and bank loan repayment? What is long-term debt? What does amortization mean? Related In-Depth Expla...
Accounts Payable view ratings view ratings view ratings view ratings view ratings 3.9 1.6 6.8 6.7 7.9 - Accrued Expenses view ratings view ratings view ratings view ratings view ratings - - - - - - Short-Term Borrowings view ratings view ratings view ratings view ratings view ratings 3.9 ...
A penalty assessed by some lenders if a loan is paid off before the specified term. This is a lump-sum amount due and payable in addition to the loan balance, and is usually limited to the early years of a mortgage. See also:Account termination fee ...
An amount paid to reduce the principal balance of a loan before the principal is due. Prepayment penalty A penalty assessed by some lenders if a loan is paid off before the specified term. This is a lump-sum amount due and payable in addition to the loan balance, and is usually limited...
Check No. 8 for $5 to G company on account was recorded in cash payment journal as $5. 公司签发给G公司的用于支付其应付账款的支票8﹟计5美元在现金支出日记账中记为5美元。 In a balance sheet, accrued liabilities frequently are included in the amount shown as "accounts payable." ...
Loss Payable Clause M Manufactured Home Margin Market Rate Market Value Maturity Maturity Date Maximum Interest Rate Maximum Loan Amount Minimum Down Payment Mobile Home Modular House Monthly HOA dues Monthly Payment Mortgage Mortgage-Backed Security Mortgage Calculators Mortgage ...
A provision in the mortgage that gives the mortgagee the right to call the mortgage due and payable at the end of a specified period for whatever reason. Caps Limits on changes in ARM interest rates or monthly payments, either in an adjustment period or over the life of the loan. ...
Management fees payable toPennyMac Financial Services, Inc. — — — 7,153 7,153 Other 47 3,376 1,590 8,432 13,445 $ 67 $ 25,596 $ 13,082 $ 15,585 $ 54,330 Pretax income (loss) $ 26,449 $ 491 $ 13,249 $ (13,655 ...
Banks that issue mortgages or any other loans have limits on how much they can lend since they have only so much in the way of deposits on their balance sheets. As a result, selling your mortgage to another company removes your loan from the bank's books and frees up their balance sheet...