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From a financial point of view, I think only the idiot at Bank of America who decided to implement this word in there statements will really know.
The only possible conclusion I could come to is "to
reduce one's liability or outstanding debt, by making a payment."
Hope I am close.
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Would the statement 'Simple Interest is interest earned on interest' be True or False?
False. Interest upon interest is compounded interest
What is a simple interest in math?
Simple interest is interest that is calculated only on the amount of unpaid principal on a loan. Such interest is not added to the value of the loan but is tracked separately. Compound interest is interest that is calculated on the total of unpaid principal and accumulated interest on a loan. The difference is in simple interest there is no interest charged on accumulated interest while in compound interest there is interest charged on accumulated interest.
What is a fancy word for subtracion?
Some synonyms for the word 'subtraction' are curtailment, decrease, reduction, lessening, depreciation, deduction, diminishment, elision, abridgement, deletion, lowering, etc. Refer to Synonymfor.com for any other questions like this one. :) KB
Interest earned on interest is known as?
Compound Interest
What are the major differences between compound interest loan and simple interest loan?
With compound interest, the interest due for any period attracts interest for all subsequent periods. As a result, compound interest, for the same rate, is greater.With compound interest, the interest due for any period attracts interest for all subsequent periods. As a result, compound interest, for the same rate, is greater.With compound interest, the interest due for any period attracts interest for all subsequent periods. As a result, compound interest, for the same rate, is greater.With compound interest, the interest due for any period attracts interest for all subsequent periods. As a result, compound interest, for the same rate, is greater.
What is mortgage principal curtailment?
A mortgage principal curtailment is an additional payment to principal.
What is curtailment of bars?
Curtailment is optimizing steel w.r.t changes in Bending moment over a section
Use curtailment in a sentence?
The company announced a curtailment of production due to reduced demand for their products.
What is method of curtailment of steel bars in RCC column in multi storeyed building?
column curtailment details
What is a Curtailment of income?
A curtailment of income is when your income has been cut short for any reason. (Example: Due to the economy, instead of being laid off we all just took a paycut. We have a curtailment of income)
What are some of the antonyms for the word curtailment?
Curtailment means "to cut short or reduce" (taken from thefreedictionary dot com). Surprisingly, no thesaurus has any antonyms for curtailment, though it is plausible that one could be found somewhere.
What is curtailment?
When something is cut short, i.e. a holiday
What are synonyms for curtailment?
Decrease, reduction, cutback, abbreviation...
What is a curtailment of a loan?
cumulative principal payment(s)
What does curtailment mean in banking?
Curtailment in banking refers to the reduction or limitation of certain banking activities or services. This can include restrictions on lending, investments, or other financial activities to manage risk or comply with regulations. Curtailment may also refer to the early repayment of a loan or the withdrawal of funds from a specific financial product.
What is curtailment of reinforcement bars?
Curtailment is a theoretical point where some of the reinforcement is cut-off along the span of the beam where the bending moment reduces, given that the remaining reinforcement will be able to support the reduced bending moment. (A.P Nangolo)
How curtailment is done rcc beams?
in case of beam bottom most fiber taking bending stress and stress gradually decrease toward supporting members longitudinally. so that curtailment can be done by analysis cross section of the beam and can be determined steel required particular section.
