Prepayment: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Link with Bookkeeping page.) |
imported>Doug Williamson (Link with Average effective maturity page.) |
||
| Line 11: | Line 11: | ||
== See also == | == See also == | ||
* [[Average effective maturity]] | |||
* [[Bookkeeping]] | * [[Bookkeeping]] | ||
* [[Early Repayment Charge]] | * [[Early Repayment Charge]] | ||
Revision as of 20:29, 5 January 2018
1. Banking.
The non-contractual early repayment by bank customers of, for example, fixed rate mortgages.
2. Accounting.
An amount paid in advance for a financial benefit, represented by an asset in the organisation's balance sheet.
