Tag: payments

Targeted Amortization Class (TAC)

What is 'Targeted Amortization Class - TAC' A type of credit derivative that is similar to a planned amortization class (PAC) in...

Imputed Interest

What is an 'Imputed Interest' Imputed interest is used by the Internal Revenue Service (IRS) as a means of collecting tax revenues...

Targeted Accrual Redemption Note (TARN)

What is a ‘Targeted Accrual Redemption Note – TARN' A targeted accrual redemption note (TARN) is an investment vehicle, calculated based on a variation of...

Lease Balance

What is 'Lease Balance' The amount of money that a customer owes under the terms of a vehicle lease contract. The lease...

Layaway

DefinitionLayaway is an agreement in which the seller reserves an item for a consumer until the consumer completes all the payments necessary to pay...

Lease Payments

What is 'Lease Payments' A line item under long-term debt on a balance sheet that indicates the value of future lease payments...

Lapping Scheme

What is a 'Lapping Scheme' A lapping scheme is an accounting method that involves altering the accounts receivable section of the balance...
land contract

Land Contract

What is a land contract and how does it works? A land contract is a contract between the buyer and seller of a piece of...
Landlord

Landlord

Being a landlord can be a very profitable business venture, but it also comes with a lot of responsibility. In this blog post, we...

Lease Option

DefinitionA lease option is a type of contract used in both residential and commercial real estate. In a lease-option, a property owner and tenant...

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