When is your friend Qusay supposed to wire transfer the balance owed?
GAP insurance covers the difference between the actual cash value of a vehicle and the balance still owed on the financing (car loan, lease, etc.).
For closed-end exposures, EAD must not be lower than the current outstanding balance owed to the bank.
Any unpaid balance owed to the creditors is known as a deficiency.
Bethune is currently taking Sea Shepherd to arbitration court for the balance owed to him in the amount of $500,000.
However, at the 11th hour, an agreement to pay the outstanding balance owed to Carlsberg was made and Peter Sedgwick's company escaped liquidation.
From that, the borrower would deduct the remaining principal balance owed to the existing lienholder, and the mortgage recording tax would be imposed on the difference.
In effect, the cardholder is agreeing to pay the default rate on the balance owed unless all the listed events can be guaranteed not to happen.
The first one concerns the size of the cash flow to service the mortgage and the other concerns the size of the balance owed on the mortgage.
Three days later, Moussaoui paid the $6,800 balance owed for his flight simulator training at Pan Am in cash and began his training.