Deduct from beneficiary and Pay down: Difference between pages

Revision as of 10:41, 9 September 2017

Borrowings management

To pay down debt means repaying the principal, in full or in part.

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-''Banking.''
+''Borrowings management''
-The practice of deducting bank fees directly from an amount being transferred.
+To pay down debt means repaying the principal, in full or in part.
-The amount received in the beneficiary's account is reduced by the amount of the fees.
-This practice is common in some countries where a correspondent bank is used to effect a cross-border payment.
 == See also ==
-* [[Beneficiary]]
+* [[Debt]]
-* [[Correspondent banking]]
+* [[Pay]]
+* [[Principal]]
-[[Category:Cash_management]]
-[[Category:Liquidity_management]]