Andy

"In the inverse order of maturity" - When can the overpayment start to be credited against the instalment

Will be any difference if a financial institution decides to credit the overpayment towards reducing the principal sum rather then towards the loan instalment.
Oct 26th, 2011


0
0 in Banking Report

Answer this question

by Anonymous - Already have an account? Login now!
Your Name:  

Your Answer:  
Source(s): (optional)
Enter the text you see in the image below
What do you see?
Can't read the image? View a new one.
Your answer will appear after being approved.



Ask a Question
140 characters left
Learn the famous formula for money-making, based upon the THIRTEEN PROVEN STEPS TO RICHES! Get your FREE Copy & Instant Access to Think and Grow Rich by Napoleon Hill just by signing up.
 
   
Newsletter cover

Q&A Categories

Popular Tags
bonds (5) interest rates (2)
accounting (4) loan (2)
finance (4) mutual funds (2)
interest (4) profitability (2)
pay stub (4) profits (2)
banking (3) recession (2)
cash (3) rich (2)
credit (3) tax law (2)
economics (2) taxes (2)
financial (2) yield (2)
foreclosure (2) (1)
gdp (2) 1120-h (1)