IAS 21 and Prepayment: Difference between pages
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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. | |||
== See also == | == See also == | ||
* [[ | * [[Accrual]] | ||
* [[ | * [[Average effective maturity]] | ||
* [[ | * [[Bookkeeping]] | ||
* [[ | * [[Early Repayment Charge]] | ||
* [[Extension risk]] | |||
* [[Prepayment risk]] | |||
* [[Prepayments]] | |||
[[Category:Accounting,_tax_and_regulation]] | [[Category:Accounting,_tax_and_regulation]] | ||
[[Category:Identify_and_assess_risks]] | |||
[[Category:Manage_risks]] | [[Category:Manage_risks]] | ||
[[Category:Risk_frameworks]] |
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.