What is the definition of a debit? What do you understand by preferred stock in accounting? What do you understand by an adjusted trial balance? What do you understand by the term creditor in accounting? What do you understand by a contra expense account?
What do you mean by the serial bonds? How is premium on bonds payable shown on the balance sheet? Explain what is meant by bonds being issued at a premium and at a discount. Explain the term "accounts payable". What do you understand by accrued rent?
An escrow account is required when closing on a home purchase or refinance to protect the buyer, seller, and all other third parties during the transaction. However, a mortgage escrow accountmay be optional—it depends on your loan-to-value ratio (LTV) and the type of loan you obtain. For...
Do I have to pay interest orescrowadvances during this time, or is this a complete payment deferral? Is the loan maturity date being extended? Will the lender recapture the deferred payments through aballoon paymentat loan maturity, an extended maturity date or some other catch-up method?
Say, for example, your 30-year mortgage carries a balance of $200,000 at a 5 percent interest rate. The monthly payment is $1,074 (excluding escrow payments). After 10 years, your outstanding mortgage balance is $162,684. You then decide to make a $50,000 lump sum payment to recast...
If my health insurance contract includes a "Promissory Estoppel" clause to the effect that no oral or written statements by any individual can alter the terms of the contract, is or isn't that statement a violation of the estoppel doctrine?
A mortgage is made up of four parts: The principal amount, interest, taxes and insurance. Remember that any time you borrow a loan of any kind, you're expected to make monthly payments toward the balance you borrowed in addition to the interest. The same holds true for a mortgage; the ...
5. Financial Stability: Credit recovery is not just about improving your credit score; it is also about achieving long-term financial stability. By addressing the factors that contributed to your low credit score, such as excessive debt or late payments, you can develop healthy financial habits ...
Borrower-paid mortgage insurance is the most common PMI payment plan. The mortgage insurance premiums are simply added to your monthly mortgage payment. Your PMI payments, along with your property taxes and homeowners insurance, are typically paid through an escrow fund set up by your bank. These...
“Queenie” is a bitch. During “Satisfaction,” long-stem roses shower off him from the audience (and where did they get them? Must have been laid on them by Stones’ management). He changes the line in “Honky Tonky Woman” to say “I laid a divorcee right here in Frisco . . ....