Limited company and Prepayment: Difference between pages

Revision as of 10:21, 28 July 2020

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''.
-In a limited liability company the liability of the members is restricted to a predefined amount.
+The non-contractual early repayment by bank customers of, for example, fixed rate mortgages.
-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.
-Almost all commercial companies are of this type.
+. ''Accounting''.
+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]]
+* [[Accrual]]
-* [[Unlimited company]]
+* [[Average effective maturity]]
+* [[Bookkeeping]]
+* [[Early Repayment Charge]]
+* [[Extension risk]]
+* [[Prepayment risk]]
+* [[Prepayments]]
+[[Category:Accounting,_tax_and_regulation]]
+[[Category:Identify_and_assess_risks]]
+[[Category:Manage_risks]]
+[[Category:Risk_frameworks]]