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What is a compound interest on national debt?
Compound interest on national debt refers to the interest that accumulates on the principal amount of the debt as well as on the interest that has already been added to it. This means that over time, the total amount owed can grow significantly, as interest is calculated on an increasing balance. If a government borrows money and doesn't pay off the interest, it can lead to a compounding effect, making the debt more challenging to manage. This phenomenon can contribute to rising national debt levels if not addressed through fiscal policy or repayment strategies.
What does the term factoring money mean?
The term 'factoring money' means selling debt one is owed to a company who take over responsibility for collecting that money. They earn a profit by paying less than the value of the money owed to you.
What does it mean 2 not pay?
"Pay" means to exchange something (usually money) for something or for some debt owed (usually for a thing or a receipt of payment).Therefore, "2 not pay" means you did "not pay" or you were not required to pay.
What does 'chargeoff' mean?
It is a term used by credit card companies to indicate they are ending attempts to collect the debt. Then they list it as a bad debt tax loss. This does not mean the account holder is "off the hook". More than likely the account will be bought for pennies on the dollar by a third party collector. The REAL collection process will start, which may, if the debt is not satisfied, culminate in a lawsuit.
What is an allusion to story the debtor in the bible?
I think your query is in reference to the story in Luke 18.24 to 35, where the master forgave his servant a large debt of 10,000 talents and he immediately went out and threatened his fellow servant who owed him only 100 pence. And the allusion to this story, when we see the master as God and the forgiven servant as ourself, is - we better forgive our friend or neighbour or enemy, simply because his debt to us is far far less than our debt to God for which he has frankly forgiven us.
Who is world debt all owed to?
The debt depends on what country. Ultimately any national debt is owed to the central banking. Private banks.
What percent of the national debt is owed to foreign investors?
16%
The national debt can best be defined as the amount of money owed?
by the America
What happens to a lien placed on a property and that person who is owed the money dies?
The debt is owed to their estate.The debt is owed to their estate.The debt is owed to their estate.The debt is owed to their estate.
What is public and national debt?
Public debt is the money owed by any one branch of the government. National debt is the money owed by all the branches of government.
What the national debt?
The National Debt is the money owed by the US government to the Federal Reserve for printing money. Most of the money that is spent is spent on military and welfare. To see current statistics on the National Debt, see the Related Links to see the National Debt Clock keeping track of the debt in our country.
What is the national debt?
The National Debt is the money owed by the US government to the Federal Reserve for printing money. Most of the money that is spent is spent on military and welfare. To see current statistics on the National Debt, see the Related Links to see the National Debt Clock keeping track of the debt in our country.
What are people called have a debt owed to them?
A creditor is someone who has a debt owed to them. The one who owes the debt is the debtor.
Does owner of quit deed pay mortgage if mortgagee dies?
Yes. If the mortgagee dies the debt is owed to their estate.Yes. If the mortgagee dies the debt is owed to their estate.Yes. If the mortgagee dies the debt is owed to their estate.Yes. If the mortgagee dies the debt is owed to their estate.
What type of debt does the US have and who is it owed to?
The majority of US debt is actually owed to US citizens.
Can a family member buy the house that is in a reverse mortgage?
Only if they pay off the outstanding debt owed on the mortgageOnly if they pay off the outstanding debt owed on the mortgageOnly if they pay off the outstanding debt owed on the mortgageOnly if they pay off the outstanding debt owed on the mortgage
What issues effected the western territories between 1775 and 1787?
the western land owed debt to the national government
