Distinguish between a mortgage and a note

Q: Finding the total interest of a loan is similar to finding the total interest in an annuity's

A: When you take a loan then you have to make payments towards the principal amount as well as towards…

Q: What is the formula for calculating interest on a note receivable?

A: Introduction:- A note receivable is a written promissory note to receive a specified amount of cash…

Q: Define Notes payable.

A: Notes payable is a liability item in the balance sheet of an organization.

Q: What is a mortgage pay-through bond (MPTB)?

A: Mortgage Pay-through bond: MPTBs (Mortgage Pay-through bonds) are delivered in contradiction of…

Q: Describe the repayment process for both a term loan and ab

A: Term loan and bonds are two different types of raising money.

Q: Define the mortgage extension agreement?

A: An agreement between the borrower and the lender of the mortgage who mutually agrees to extend the…

Q: Give and explain the factors that affect the interest rate on the loan

A: Following are the factors that affect interest rate on the loan:  1. Supply and Demand Interest…

Q: HOW TO Find the finance charge of an installment loan.

A: Finance Charge: Generally speaking, financial charges are any fees or charges associated with…

Q: What items are listed on a loan document

A: There are various kinds of loans that an individual can take from a bank or a financial institution.…

Q: How can we determine a Loan's Balance, Principal, and Interest?

A: Loan balance can be determined with the help of formulae: PV is present value r is rate N is number…

Q: What type of account is Discount on Bonds Payable, and what is its normal balance?a. Adjusting…

A:

Q: Define revolving credit agreement

A: Revolving credit agreement: A revolving credit is a lawful guarantee in which a bank agrees to lend…

Q: How to calculate the due date, interest and maturity value on both a Traditional Note and Discounted…

A: Due date for a Traditional Note and discounted note is calculated as below:

Q: How the interest rate affects the release of credit card

A: Given,

Q: Define Short-Term Interest-Bearing Notes.

A: Short-term interest-bearing note:   The short-term interest-bearing note is a note on which interest…

Q: xplain compounding of interest in relation to interest bearing notes receivable.

A: solution : Explain compounding of interest in relation to interest bearing notes receivable. An…

Q: Differentiate between mortgage bonds and debentures.

A: Mortgage bonds: Mortgage bonds are type of bonds in which holders have right towards real estate…

Q: Differentiate contract of pledge from contract of mortgage.

A: Contract of Pledge is used for Movable Assets and contract of Mortgage is used for Immovable Assets.…

Q: . How is the present value of a non-interest-bearing note computed?

A:

Q: Define secured loans.

A: Secured Loans: Secured loans are those for which the borrower puts up some asset as security or…

Q: What are three components used by a lender in determining the interestrate charged for a loan?

A: The three components used by a lender in determining the interest rate charged for a loan are as…

Q: Does a Discounted Note Payable provide credit without interest?

A: Discounted Note Payable means that the purchase price(PV) is less than the maturity/face value(FV)…

Q: What is the formula to compute interest on a note receivable?

A: Note receivable: Note receivable refers to a written promise for the amounts to be received within a…

Q: credit to Premium on Bonds Payable?

A: Premium on Bonds Payable is the amount at which it is issued in excess of par value. Premium on…

Q: Does a discounted note payable provide credit without interest? Discuss.

A: Short-term notes payable: Short-term notes payable is a written promise made by the business to pay…

Q: Explain an example of Short-Term Interest-Bearing Notes.

A: Short-term interest-bearing note: The short-term interest-bearing note is a note on which interest…

Q: what is the difference between a debenture and a mortgage bond?

A: Bonds and debentures both are the fixed interest providing debt instruments issued by companies and…

Q: A loan secured with a financial asset (eg. Accounts receivables) is a called a ___________ loan.…

A: Financial asset is a liquid asset which can be easily sold in the market. A financial asset can be…

Q: pledge and mortgage.

A: A pledge or mortgage is indivisible, even though the debt may be divided among the successors in…

Q: Define mortgage bond.

A: Corporate debt: A corporate bond can be defined as debt security that is issued by a firm and sold…

Q: What does it mean when a lender accelerates on a note? What is meant by forbearance?

A: Promissory note is written by the borrower and sent to the lender. In promissory note, borrower…

Q: What is a mortgage swap certificate?

A: Mortgage refers to debt instrument which is backed by collateral security. It refers to the kind of…

Q: Explain The Mortgage Instrument?

A: The question is based on the concept of mortgage, which is  a contract between lender and borrower.

Q: Explain Types of Mortgage Debt and Other Obligations?

A: Introduction: Mortgage is nothing but an instrument of debt that the creditor is obliged to pay off…

Q: Describe the concept of non interest bearing on loan.

A: A non-interest bearing loan is a debt for which there is no documented requirement for the borrower…

Q: Define each of the following terms: m. Promissory note; line of credit; revolving credit agreement

A: Promissory note: It is a financial instrument in which there is a promise by the issuer of note to…

Q: What is the difference between a note payable and an account payable?

A: Current liability: It can be defined as the financial commitments of a business that are due and to…

Q: How does getting a secured loan using accounts receivableas collateral differ from factoring?

A: In factoring, the corporation sells their receivable balance to the factoring corporation at a…

Q: What is mortgage bond?

A: A mortgage bond is secured by a mortgage, or a pool of mortgages, that are generally backed by…

Q: What is calculation of Outstanding Mortgage Balance (Repayment of Mortgage)?  Please provide…

A: Outstanding Mortgage Balance refers the loan outstanding at any point in time after the loan has…

Q: Documents of credit appraisal for individual loan.

A: Credit appraisal basically refers to assessing a particular loan application or proposal in a…

Q: What is a credit note

A: Step 1 Credit note as the name depicts it generates some beneficiary status to some third party.

Q: Explain the terms of Classification of Mortgage Loans?

A: Mortgage Loan     Mortgage means transfer of interest to immovable property in order to secure the…