quite a few people address me about the meaning of prepaid interest.
The meaning of prepaid interest is the interest that a debtor pays before the first scheduled debt repayment. For taxation purposes, most kinds of prepaid interest are expensed over the life of the loan.
For mortgage loans, prepaid interest can also be the interim interest that accrues from the settlement day to the beginning of the first mortgage period.
Points, a kind of fee that mortgage lenders charge borrowers, are considered a type of prepaid interest. Similar to other types of prepaid interest, points are typically deducted over the life of the loan (in this case, a mortgage). However, provided that certain conditions are met, the IRS does allow this type of prepaid interest to be deducted in the year in which it is paid.
The Trade forex from » Forex Training Class discussion
explanation of some online forex service providers concepts
(3 posts)-
Posted 1 year ago #
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i read the conjecture that the Canadian Dollar is predicted to surge versus the Chilean Peso closer to the 7th of next month came about through the fact that the domestic products prices are probably going to to climb and affect the Canadian Dollar rates this factor would be connected to the rise of the CAD.
Posted 1 year ago # -
i don't know, horizontal_stella. When studying the forex market dynamics, you'd best pay extra special attention to primary sector industry field related news like the fact that Canadian Dollar rates will be affected by the changes in the construction equipment imports, and as a consequence is going to reach peak, and concentrate on trade related logic like the predictions that the canadian Dollar probably will steep vs. the Chilean Peso towards July 8.
Posted 1 year ago #
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