Licence 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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-Official permission or permit to do, use, or own something.
+. ''Banking''.
-For example, a licence to carry on a trade or use a particular product such as computer software. A fee or proof of capability may be required.
+The non-contractual early repayment by bank customers of, for example, fixed rate mortgages.
-Authorities may issue a licence, to allow an activity that would otherwise be illegal such as driving or selling alcohol.
+. ''Accounting''.
-==See also==
+An amount paid in advance for a financial benefit, represented by an asset in the organisation's balance sheet.
-* [[Amortisation]]
+== See also ==
+* [[Accrual]]
+* [[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]]