Limited company and Prepayment: Difference between pages

Revision as of 20:26, 3 July 2017

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.

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-Abbreviation for Limited liability company.
+. ''Banking''.
+The non-contractual early repayment by bank customers of, for example, fixed rate mortgages.
-In a limited liability company the liability of the members is restricted to a predefined amount.
-In the case of a company ''limited by shares'' the members' liability is restricted to the amount, if any, unpaid on the shares they hold.
+. ''Accounting''.
-Almost all commercial companies are of this type.
+An amount paid in advance for a financial benefit, represented by an asset in the organisation's balance sheet.
-In a company ''limited by guarantee'' the liability of the members is restricted to a predefined amount which the members guarantee to contribute (on the event of any winding up of the company).
 == See also ==
-* [[Limited liability]]
+* [[Bookkeeping]]
-* [[Unlimited company]]
+* [[Early Repayment Charge]]
+* [[Extension risk]]
+* [[Prepayment risk]]
+* [[Prepayments]]