Sentences with phrase «collecting interest on their money»

You've been collecting interest on their money for quite some time, close to two years in some cases.

Rather, they collect the interest on that money and keep it for themselves.

The first is that it collects interest on money that is left in your brokerage account but not invested (much like how a bank operates).

The Foundation pools small - dollar escrow accounts from lawyers around the state, and collects interest on the money.

Not exact matches

And even the Federal Reserve's modest rate hikes have had an outsized impact on the bottom line of Bank of America, which pockets the extra interest it collects on loans while paying out much less on consumers» deposits (making money on the so - called spread).

They collect their interest in advance, so to speak, but they also hope you'll hang around and give them more interest money later on, too.

Brokers make a good part of their money by collecting interest on margin loans.

The collusion in the CDO - squared leveraged fraud games (which were illegal) allow Fed / Treasury to collect interest (or is that an extortion fee) on certificates that can be traded or sold — what a nice pool of assets — it is a perpetual motion money machine that magically keeps zombies alive, even though their dead... totally cool.

If anything I really believe that Wenger loves the club and feels he is doing the right thing although I feel its high time he hung up his coat and moved on I just think the Board manipulate the scenario and it suits them very well to pay Wenger the money they do and collect the massive dividends that they do and just keep the wheel turning You interested in these petty point scoring excersiseswant change?

«The last bailout of N8.8 bn he collected, Fayose fixed N5.3 bn of this money in Skye Bank so that he can benefit from the interest that will accrue on the deposit while the remaining N3.2 bn is in the JAC Account, even as he has refused to pay the beneficiaries of the bailout as approved by the Federal Government.»

In a statement in Ado - Ekiti, the state APC Publicity Secretary, Taiwo Olatunbosun, blamed the unfortunate incident on the «callousness» of the governor, who, he said, «collected more than enough» to pay workers» salary arrears but allegedly kept the money in private accounts to yield interests for personal use.

This tax credit combined with the high interest collected on the loans allows investors to virtually double their money every seven years.

If you can collect a considerable amount of money in order to make at least a 10 % down payment, you can easily get a reduction on the interest rate charged for your home loan.

You make your money on the interest collected.

Because banks make a significant part of their money on collected interest payments, it is in their interest to hold a steadfast position on the way payments are applied to a bill.

Remember, credit card companies make money by collecting interest on unpaid balances, so if you max out your card's limit and spend months paying it off, you'll end up shelling out more money than necessary for whatever you used your card to buy.

Minimum opening balance $ 2,500 Monthly service fee of $ 15.00, waived with minimum daily balance of $ 2,500 Tiered interest paid on daily collected balances (rates subject to change) Limited check writing with no transaction charge Per check charge of $ 3.00 after 6 checks per statement * Franklin Synergy Bank Debit Card E-mail statements available * After... Continue Reading Business Money Market

CRA can even notionally assess you and tell you what taxes you owe, and assess penalties and interest based on that, then proceeding to attempt to collect that money from you.

By collecting interest from lots of borrowers, they have the extra money in the bank when a borrower does default on a loan.

Brokers make a good part of their money by collecting interest on margin loans.

It is interesting (sad actually) that CRA auditors are paid a bonus on «extra» money they collect.

In 2011, the five big banks in Canada paid out less than 2 % on their RESP's Group providers are fewer and some of these are non-profit foundations — this will explain the higher rate of interest earned (4.7 to 7.4 % in 2011) Students also benefit from additional monies from attrition and enhancement, and group plan fees are up front, yes, but some providers refund some or all of your fees at maturity — you will never see a bank return your fees (or any mutual based investment) Investing in bonds or GIC's is certainly safe, but you won't collect any government grant unless you're in a registered RESP — this can mean 20 - 40 % more money for your child.

Private personal loan companies may offer borrowers loans from their own funds, and they collect interest on the loans to make money.

The Premier Relationship Interest Rate will be earned on your Choice Money Market Savings account, and is calculated as follows: On the last day of your statement cycle, your Choice Money Market Savings account's end - of - day collected balance tier will be determineon your Choice Money Market Savings account, and is calculated as follows: On the last day of your statement cycle, your Choice Money Market Savings account's end - of - day collected balance tier will be determineOn the last day of your statement cycle, your Choice Money Market Savings account's end - of - day collected balance tier will be determined.

They collect their interest in advance, so to speak, but they also hope you'll hang around and give them more interest money later on, too.

They all get their money from the same sources, the interest rates are based on the same bond market, transfer the loan to Fannie Mae Freddie Mac or FHA, and the third parties fees they need to collect and pass through (appraisal, credit report, underwriting, title company, etc) are all the same.

It's in their interest to keep on collecting money from the CCs, while at the same time shelling out fewer free trips.

Another interesting rule which came from this is that if someone who has initially collected money on property and later doesn't has the duty to check it out and eject for fear of losing the property.

It could loan money to the project and collect interest or forgo interest in exchange for equity knowing the return on the investment would be secure.

If there's not enough money in one's estate to cover the entire outstanding balance, creditors and card providers are generally out of luck if they try to collect, regardless of the amount racking up interest on your account.

In other words, if the Seller owned a $ 50,000 property free and clear and then sold it to the Purchaser who made a $ 10,000 down payment, the Seller initially has the right to collect $ 40,000 (his or her remaining equity in the property) and he or she may borrow money by allowing a lender to put a senior lien on the property (ahead of the Purchaser's interest in the property) for up to $ 40,000.

By working every angle, and collecting fees at each step, the company faces potential conflicts of interest that enable it to make money on what is otherwise a costly foreclosure process.

If you have money to spare, you can always lend some to the buyer and collect interest on it.