The Business Secured card works like any other business credit card, but the credit line is secured
by a collateral account.
Not exact matches
If your business is in difficulty and is unable to make the loan payments, whatever personal assets you have posted as
collateral (house, car, investment
accounts, etc.) can be seized
by the bank.
Under the TSLF, the Desk will lend up to $ 200 billion of Treasury securities held
by the System Open Market
Account to primary dealers secured for a term of 28 days
by a pledge of other
collateral.
If your business fails and is unable to make the loan payments, whatever personal assets posted
by the owners as
collateral can be seized
by the bank, including houses, vehicles, investment
accounts, etc..
Coinsetter, recently announced the release of what is,
by far, the most highly requested feature in their history: margin trading and shorting of Bitcoin extended to all customers, with up to 5X leverage and interest - free margin and trading with margin
by posting
collateral of as low as 20 % of the margin balance added to an
account.
The borrowing base is determined
by our
collateral agents based on several variables, including percentages of the book value of certain eligible
accounts receivable and a percentage of certain eligible inventories.
The borrowing base is determined
by the Company's
collateral agents based on several variables, including percentages of the book value of certain eligible
accounts receivable and a percentage of certain eligible inventories.
Futures and Options are currently and
by default cleared in a Net Omnibus Indirect
Account where clients» margin
collateral and positions are held with margin and positions of other indirect clients.
The trading parties have deposited money into
collateral accounts that are controlled
by the clearinghouse, and the clearinghouse will move money from one
account to another to reflect the daily price change of a futures contract.
After studying this chapter, you will be able to: Explain the basic nature of a joint stock company as a form of business organisation and the various kinds of companies based on liability of their members Describe the types of shares issued
by a company Explain the
accounting treatment of shares issued at par, at premium and at discount including oversubsription Outline the accounting for forfeiture of shares and reissue of forfeited shares under varying situations Workout the amounts to be transferred to capital reserve when forfeited shares are reissued; and prepare share forfeited account State the meaning of debenture and explain the difference between debentures and shares Describe various types of debentures; Record the journal entries for the issue of debentures at par, at a discount and at premium Explain the concept of debentures issued for consideration other than cash and the accounting thereof Explain the concept of issue of debentures as a collateral security and the accounting thereof Show the items relating to issue of debentures in company's balance sheet Describe the methods of writing - off discount / loss on issue of debentures Explain the methods of redemption of debentures and the accounting thereof Explain the concept of sinking fund, its use for redemption of debentures and the accounting thereof Topic List Features of a Company Kinds of Companies Share Capital of a Company Nature and Classes of Shares Issue of Shares Accounting Treatment Forfeiture of Shares Meaning of Debentures Types of Debentures Issue of Debentures Over Subscription Terms of Issue of Debentures Interest on Debentures Writing - off Discount / Loss on Issue of Debentures Redemption of Debentures Redemption by Payment in Lump Sum Sinking F
accounting treatment of shares issued at par, at premium and at discount including oversubsription Outline the
accounting for forfeiture of shares and reissue of forfeited shares under varying situations Workout the amounts to be transferred to capital reserve when forfeited shares are reissued; and prepare share forfeited account State the meaning of debenture and explain the difference between debentures and shares Describe various types of debentures; Record the journal entries for the issue of debentures at par, at a discount and at premium Explain the concept of debentures issued for consideration other than cash and the accounting thereof Explain the concept of issue of debentures as a collateral security and the accounting thereof Show the items relating to issue of debentures in company's balance sheet Describe the methods of writing - off discount / loss on issue of debentures Explain the methods of redemption of debentures and the accounting thereof Explain the concept of sinking fund, its use for redemption of debentures and the accounting thereof Topic List Features of a Company Kinds of Companies Share Capital of a Company Nature and Classes of Shares Issue of Shares Accounting Treatment Forfeiture of Shares Meaning of Debentures Types of Debentures Issue of Debentures Over Subscription Terms of Issue of Debentures Interest on Debentures Writing - off Discount / Loss on Issue of Debentures Redemption of Debentures Redemption by Payment in Lump Sum Sinking F
accounting for forfeiture of shares and reissue of forfeited shares under varying situations Workout the amounts to be transferred to capital reserve when forfeited shares are reissued; and prepare share forfeited
account State the meaning of debenture and explain the difference between debentures and shares Describe various types of debentures; Record the journal entries for the issue of debentures at par, at a discount and at premium Explain the concept of debentures issued for consideration other than cash and the
accounting thereof Explain the concept of issue of debentures as a collateral security and the accounting thereof Show the items relating to issue of debentures in company's balance sheet Describe the methods of writing - off discount / loss on issue of debentures Explain the methods of redemption of debentures and the accounting thereof Explain the concept of sinking fund, its use for redemption of debentures and the accounting thereof Topic List Features of a Company Kinds of Companies Share Capital of a Company Nature and Classes of Shares Issue of Shares Accounting Treatment Forfeiture of Shares Meaning of Debentures Types of Debentures Issue of Debentures Over Subscription Terms of Issue of Debentures Interest on Debentures Writing - off Discount / Loss on Issue of Debentures Redemption of Debentures Redemption by Payment in Lump Sum Sinking F
accounting thereof Explain the concept of issue of debentures as a
collateral security and the
accounting thereof Show the items relating to issue of debentures in company's balance sheet Describe the methods of writing - off discount / loss on issue of debentures Explain the methods of redemption of debentures and the accounting thereof Explain the concept of sinking fund, its use for redemption of debentures and the accounting thereof Topic List Features of a Company Kinds of Companies Share Capital of a Company Nature and Classes of Shares Issue of Shares Accounting Treatment Forfeiture of Shares Meaning of Debentures Types of Debentures Issue of Debentures Over Subscription Terms of Issue of Debentures Interest on Debentures Writing - off Discount / Loss on Issue of Debentures Redemption of Debentures Redemption by Payment in Lump Sum Sinking F
accounting thereof Show the items relating to issue of debentures in company's balance sheet Describe the methods of writing - off discount / loss on issue of debentures Explain the methods of redemption of debentures and the
accounting thereof Explain the concept of sinking fund, its use for redemption of debentures and the accounting thereof Topic List Features of a Company Kinds of Companies Share Capital of a Company Nature and Classes of Shares Issue of Shares Accounting Treatment Forfeiture of Shares Meaning of Debentures Types of Debentures Issue of Debentures Over Subscription Terms of Issue of Debentures Interest on Debentures Writing - off Discount / Loss on Issue of Debentures Redemption of Debentures Redemption by Payment in Lump Sum Sinking F
accounting thereof Explain the concept of sinking fund, its use for redemption of debentures and the
accounting thereof Topic List Features of a Company Kinds of Companies Share Capital of a Company Nature and Classes of Shares Issue of Shares Accounting Treatment Forfeiture of Shares Meaning of Debentures Types of Debentures Issue of Debentures Over Subscription Terms of Issue of Debentures Interest on Debentures Writing - off Discount / Loss on Issue of Debentures Redemption of Debentures Redemption by Payment in Lump Sum Sinking F
accounting thereof Topic List Features of a Company Kinds of Companies Share Capital of a Company Nature and Classes of Shares Issue of Shares
Accounting Treatment Forfeiture of Shares Meaning of Debentures Types of Debentures Issue of Debentures Over Subscription Terms of Issue of Debentures Interest on Debentures Writing - off Discount / Loss on Issue of Debentures Redemption of Debentures Redemption by Payment in Lump Sum Sinking F
Accounting Treatment Forfeiture of Shares Meaning of Debentures Types of Debentures Issue of Debentures Over Subscription Terms of Issue of Debentures Interest on Debentures Writing - off Discount / Loss on Issue of Debentures Redemption of Debentures Redemption
by Payment in Lump Sum Sinking Fund Method
If your business is in difficulty and is unable to make the loan payments, whatever personal assets you have posted as
collateral (house, car, investment
accounts, etc.) can be seized
by the bank.
Share Secured loans allow you to borrow funds that are secured
by your RBFCU savings
account as
collateral, up to the available
account balance.
Assets in the
account may not be used
by the bank as
collateral and the bank may not attach any claim to the
account.
Hypothecation agreement: Agreement signed
by a margin customer which pledges the securities in the
account as
collateral for the loan and allows the broker / dealer to use the securities as
collateral with the bank supplying the loan money.
Reduce the cost of borrowing
by continuing to earn dividends while your savings
account serves as
collateral for your loan.
Of the nation's five largest banks
by deposits, only Wells Fargo allows those with savings
accounts or CDs to use them as
collateral to qualify for a loan or get a lower interest rate.
Just fill out our free online application, it takes less than ten minutes, and you can have up to $ 500 in your bank
account by the next business day; no credit checks, background checks, or
collateral is necessary.
A secured card is a credit card that requires a refundable security deposit, made
by you, which is held as
collateral by the credit card issuer in an
account.
A Chapter 13 bankruptcy is a government - sponsored debt consolidation plan: this means that all of your unsecured debts (credit cards, medical bills, retail
accounts, and other debts that are not secured
by collateral) are combined into one debt amount.
With the safe bucket covered and generating passive, tax advantaged income, they then have the freedom to entertain opportunities such as real estate, business start ups, private lending and other lucrative opportunities
by borrowing money at favorable rates, often from the mutual insurance companies general
account using their policy cash value as
collateral, or shopping the rate to other financial institutions to see who is most competitive.
You agree to deliver the
collateral or make the payments in the amount and form and to the
account or recipient specified
by us upon demand.
This
Collateral Account serves as the collateral for the credit card account (s) issued to you by
Collateral Account serves as the collateral for the credit card account (s) issued to you by th
Account serves as the
collateral for the credit card account (s) issued to you by
collateral for the credit card
account (s) issued to you by th
account (s) issued to you
by the Bank.
Unless the law requires notice
by another means, notice of a change in this
Collateral Account Agreement may be provided
by posting in the Bank's lobby.
If there are still funds remaining in the
Collateral Account after doing so, these funds may remain on deposit for up to 60 days before being remitted to you by electronic transfer to the Wells Fargo checking or savings account that was used to fund the original d
Account after doing so, these funds may remain on deposit for up to 60 days before being remitted to you
by electronic transfer to the Wells Fargo checking or savings
account that was used to fund the original d
account that was used to fund the original deposit.
If in connection with a direct deposit plan funds are deposited to your
Collateral Account and later returned to the originator, the Bank may deduct the amount from that or any other account you have, without prior notice and at any time, except as prohibited
Account and later returned to the originator, the Bank may deduct the amount from that or any other
account you have, without prior notice and at any time, except as prohibited
account you have, without prior notice and at any time, except as prohibited
by law.
You understand and agree that (i) this
Collateral Account Agreement is subject to applicable federal laws and, to the extent not preempted
by federal law, the laws of the State of Utah, and (ii) your
Collateral Account was opened or will be continued after approval
by us in the State of Utah.
Unless otherwise required
by applicable law, we are not responsible and will not incur liability to you for any failure, error, malfunction or any delay in carrying out obligations under this
Collateral Account Agreement if such failure, error or delay results from causes that are beyond our reasonable control (including, but not limited to inclement weather, fire, flood, acts of war or terrorism, and earthquakes).
By opening the
Collateral Account, you agree that this
Collateral Account Agreement, including the security interest provisions, forms a binding contract and makes up the entire agreement between you and the Bank regarding the handling of your
Collateral Account.
You agree that if the credit card
account issued to you by the Bank is closed for any reason, the Bank may apply the funds in this Collateral Account to pay off any balance on the credit card a
account issued to you
by the Bank is closed for any reason, the Bank may apply the funds in this
Collateral Account to pay off any balance on the credit card a
Account to pay off any balance on the credit card
accountaccount.
The Bank will not be liable for the intentional wrongdoing or the lack of ordinary care
by any financial institution to which the Bank has forwarded a check, draft, or other order or instruction for the payment, transfer or withdrawal of funds (an «Item») for deposit to your
Collateral Account.
A secured card is different then a prepaid card because a secured card is a credit card, a line of credit will be extended to you generally based on the amount of your deposit into an
account which is held
by the card issuer, the deposit is used for
collateral and you must pay the credit card balance due each month.
This
Collateral Account Agreement applies to each deposit account at the Bank, as well as all substitutions and replacements thereof, that has been assigned or pledged by you as collateral for the credit card account (s) issued to you by
Collateral Account Agreement applies to each deposit account at the Bank, as well as all substitutions and replacements thereof, that has been assigned or pledged by you as collateral for the credit card account (s) issued to you by th
Account Agreement applies to each deposit
account at the Bank, as well as all substitutions and replacements thereof, that has been assigned or pledged by you as collateral for the credit card account (s) issued to you by th
account at the Bank, as well as all substitutions and replacements thereof, that has been assigned or pledged
by you as
collateral for the credit card account (s) issued to you by
collateral for the credit card
account (s) issued to you by th
account (s) issued to you
by the Bank.
We will not be liable for the intentional wrongdoing or the lack of ordinary care
by any financial institution to which we have forwarded a check, draft, or other order or instruction for the payment, transfer or withdrawal of funds (an «Item») for deposit to your
Collateral Account.
This arbitration provision also does not limit or constrain the Bank's right to interplead funds in the event of claims to
Collateral Account funds
by several parties.
This
Collateral Account serves as the collateral for the Credit Account issued to you by
Collateral Account serves as the
collateral for the Credit Account issued to you by
collateral for the Credit
Account issued to you
by the Bank.
This fee will be charged
by a Participating Retailer if you use cash at the Participating Retailer to fund your
Collateral Account or to make a payment on your Credit
Account.
The Bank may convert your
Collateral Account to another product offered
by the Bank at any time
by giving you prior notice.
If you or we close your
Collateral Account, we may return the funds in your Collateral Account to you by any of the following means: (i) by a transfer of the funds to a bank account you designate, and with your authorization; (ii) by sending a check to you at the address we have in our records; or (iii) some other method deemed sufficient
Account, we may return the funds in your
Collateral Account to you by any of the following means: (i) by a transfer of the funds to a bank account you designate, and with your authorization; (ii) by sending a check to you at the address we have in our records; or (iii) some other method deemed sufficient
Account to you
by any of the following means: (i)
by a transfer of the funds to a bank
account you designate, and with your authorization; (ii) by sending a check to you at the address we have in our records; or (iii) some other method deemed sufficient
account you designate, and with your authorization; (ii)
by sending a check to you at the address we have in our records; or (iii) some other method deemed sufficient
by us.
We will provide periodic statements for your
Collateral Account (as part of your billing statement for your Credit
Account) electronically
by notifying you
by email that your statement is available.
This means that the Bank is released from all liability for the Items charged to your
Collateral Account, and for all other transactions or matters covered
by the statement.
We may reverse any credit it has erroneously made to your
Collateral Account, or for which funds were not finally collected
by us, at any time without prior notice.
Before closing your
Collateral Account, it will give you any notice required
by law.
These loans are «secured»
by the borrower with
collateral such as a house, car, or savings
account.
The security interest, pledge and assignment in your
Collateral Account given to us
by you includes and gives the Bank the right to make settlements or compromises on the
Collateral Account; transfer the
Collateral Account to the Bank's own name; or exercise ownership rights on the
Collateral Account.
This
Collateral Account Agreement may be changed
by the Bank from time to time.
The Bank may, without prior notice, and from time to time: (1) renew, compromise, extend, accelerate or otherwise change the terms relating to the Debt; (2) take and hold security (other than the
Collateral Account) for payment of the Debt and enforce, exchange and release the security in any manner that the Bank determines is proper; (3) release or substitute you, any guarantor, or any endorser of the Debt; and (4) increase or lower the Credit Limit on your Credit
Account, and no such action shall change the fact that the
Collateral Account at all times will be held
by the Bank as security for the Debt.
You may make deposits to your
Collateral Account either
by (i) mailing us a check or money order at the address disclosed on our website, at www.greendot.com/platinum/deposit, or that we provide to you when we send you your credit card, or (ii) providing cash to fund your
Collateral Account at any participating retailer.
This
Collateral Account Agreement applies to each deposit account at the Bank, as well as all substitutions and replacements thereof, that has been assigned or pledged by you as collateral for the Credit Account that will be issued to you by
Collateral Account Agreement applies to each deposit account at the Bank, as well as all substitutions and replacements thereof, that has been assigned or pledged by you as collateral for the Credit Account that will be issued to you by th
Account Agreement applies to each deposit
account at the Bank, as well as all substitutions and replacements thereof, that has been assigned or pledged by you as collateral for the Credit Account that will be issued to you by th
account at the Bank, as well as all substitutions and replacements thereof, that has been assigned or pledged
by you as
collateral for the Credit Account that will be issued to you by
collateral for the Credit
Account that will be issued to you by th
Account that will be issued to you
by the Bank.
Secured cards work like any other credit card, but the credit line is determined
by how much money you place into a security deposit
account as
collateral.
A secured card is special in that your credit limit is often determined
by your security deposit (cash that is put in a deposit
account as
collateral).