Sentences with phrase «principal balance in the account»

Interest that is calculated on both the accumulated interest and the principal balance in the account.

Not exact matches

Interest that accumulates is based on the loan's unpaid principal balance and accrues on a student loan every single day, even if the account is not in repayment.

At Bowie Elementary School in the Richardson (Texas) Independent School District, assistant principal Michael Davies's classroom and special education teachers take into account gender balance, academic balance, required special services, student relationships, and other factors as they put together class lists.

Minimum balance requirements apply to average daily balance (amount of principal in account each day).

Taking into account the statement in the questions that you have paid $ 6,072.26 in principal gives an estimated current balance of

After all renovation work is complete, any remaining funds in the renovation escrow account will be used to pay down the principal balance of the mortgage.

INTEREST: If any of your accounts is an interest - bearing account, the rates at which interest is paid on the principal balance is shown in the rate information for your deposit account type on our website, www.firstib.com.

Though it is financially easier for you to start off with the smallest principal balance, concentrating on your highest interest rate debt account is much better and has a positive impact in reducing your debt load.

The average monthly collected balance is calculated by adding the principal in the account for each calendar day in the statement period and dividing that figure by the total number of calendar days in the statement period.

U.S. Bank calculates this balance by adding the principal in your account for each calendar day in the statement period and dividing it by the total number of days in the statement period.

Reinvest the account balance (principal and interest) in another available deposit product with us.

The loss of principal in this scenario doesn't just hit your account balance, it degrades all of your growth and income going forward.

** Average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period.

For all accounts using a Daily Balance method, dividends are calculated by applying a daily periodic rate to the principal in the account each day.

Rate Information: The Interest Rate on accounts with a daily balance of $ 250,000 or less (at which interest is paid on the principal balance) is 1.10 % and the Annual Percentage Yield (at which an account would earn interest each year if all interest paid on the account remains in the account) is 1.11 %.

The Interest Rate for accounts with a daily balance above $ 250,000 (at which interest is paid on the principal balance) is 1.35 % and the Annual Percentage Yield (at which an account would earn interest each year if all interest paid on the account remains in the account and the balance remains above $ 250,000) is 1.36 %.

The accounting entries in this case would be to write off and transfer the interest and principal receivable amounts into allowance for doubtful accounts, which is a contra account that reduces the value of receivables on the balance sheet.

Use the debt consolidation calculator below to find out how much you can save and how long it'll take you to get debt - freeIf you discover that payday lending is illegal in your state, you only need to pay the outstanding principal balance, and no interest, towards the pdl account.

Except as otherwise noted, the balance is the daily balance which is the amount of principal in the account each day.

Interest rates are described in percentages that are multiplied by the principal amount (the balance in the account) to determine the interest earnings.

If a minimum average balance is required to avoid a fee, the average balance is calculated by adding the principal in the account for each day of the period, and dividing that figure by the number of days in that period.

Minimum balance = the amount of principal in account each day.

* Average Daily Balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period.

The $ 12.5 MM of debt principal reduction will be accounted for as a reduction in balance sheet goodwill and the $ 2.4 MM of reversed accrued interest will flow through Reading's income statement to its bottom line as a reduction of interest expense.

The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period.

This means your interest is calculated not simply on the principal balance but the principal plus interest — that's how your money can grow surprising quickly in an interest - bearing, FDIC - insured account vs. under your mattress.

For example, if a depositor wishes to close a one - year CD account after two months but the bank's policy states that an early withdrawal penalty equal to three months» interest would be due in that event, then the bank will dip into the depositor's principal balance to make up for the shortfall between the interest earned and the penalty.

Interest that accumulates is based on the loan's unpaid principal balance and accrues on a student loan every single day, even if the account is not in repayment.

So, let's say you had $ 20,000 in principal, $ 5,000 in gains, for a total account balance of $ 25,000.

Average account balance — The average monthly collected balance is calculated by adding the principal in the account for each calendar day in the statement period and dividing that figure by the total number of calendar days in the statement period.

(iii) in respect of money held or received on account of strata management services — a separate trust ledger for each principal showing all amounts received and disbursed in relation to the principal and any unexpended balance in relation to that principal;

So in theory your w - 2 income was deposited into the account reducing your mortgage principal and over the month you would pay your bills and the balance would rise back up.

This applies to any finance charges that do not take account of each reduction in the principal balance of an obligation.