In the case of annuity loans, the annual sum of principal and interest (so-called interest) is higher at the beginning of your loan installment and you only pay a small part of the loan debt. The repayment can be suspended until the end of the term. The monthly installment consists of principal and interest. Constant periodic payments by which a loan is repaid.
For the professional use of always new forms of investment and financing instruments, basic knowledge of the respective interest mathematics is required. In addition to practice-oriented mathematicians, the book is aimed primarily at business economists and practitioners for referencing or (self-) study. Based on practical examples and exercises, the whole range of instruments of modern investment practice will be presented.
payment by installments
A one-off loan repaid in installments; Overcapacity reduces debt and can not be corrected. Constant periodic repayments that repay a loan. An annual fee consists of interest and capital, with the amount due payable. The guarantor is prepared to settle the outstanding claims on the lender if the principal debtor does not properly fulfill his contractual obligations.
In the case of a deficiency guarantee, the lender (bank) must first enforce the total assets of the principal debtor in the event of default or insolvency. Only if this is not sufficient to cover the complaint can the defect guarantor be used for the remaining amount. Subsequently, the house bank grants a loan in the amount of the amount paid or debits the customer account with the amount.
Credit given without security (eg mortgages, securities). includes the creditworthiness (past) and the creditworthiness (future) of a client. Credit: Earlier loans, regularity of repayments, account movements, etc. are reviewed. Credit: Salary, burden of the future loan rate for households, occupations, employers, and much more. Borrowed capital, credit. Legal business whereby the creditor generally transfers funds or other assets to the debtor, provided that the same value (or the same value of the same kind) is returned at a specified time, usually with interest.
The terms and conditions of the loans and lump sums, the fixed interest period, the type of repayment and the repayment amount, as well as the repayment type, are primarily regulated in the loan terms. The creditor or the creditor make available a certain amount. Depending on what has been agreed with the lender, interest will be paid monthly, quarterly, annually or only once.
Interest calculation form in which the interest is calculated retroactively from the outstanding debt at the end of a compounding period. An agreed amount of multiple and recurring usable loans is the measure of the current loan price. It expresses the total amount of the loan per annum and is higher than the nominal interest rate, since additional cost components such as credit rating and processing costs etc. are included.
The lender is required to indicate the effective interest rate of the loan. The amount of the respective non-attachable amount is to be calculated on the basis of the income level and the number of maintenance obligations. Time at which a claim must be settled. The due date is usually agreed when the contract is concluded. If no due date is set, the vendor can retrieve the receivables at any time.
Due dates may be determined and legal action initiated if the deadline is exceeded. A form of financing where the credit line remains at the same level throughout the duration and must be covered at the end of the period. The interest is fixed for a certain period of time. If the credit terms are met, it can not be changed unilaterally.
Loans, with interest rate and exchange rate options / risks. From now on, a loan can be completed independently of the house bank. If this step is not followed, eg blind blindness, the lender receives a default judgment and thus a valid claim for performance. In principle, the contracting party shall reimburse the services received to the extent that they are still available (ie the amount of the loan or the object acquired for that purpose).
The overdraft of the account may be made by agreement with the National Bank or by formal award up to a certain amount. Any natural or legal person who, by virtue of a contractual or legal obligation, makes a claim against the debtor. The privileged creditor protection association (Credit Union of 1870, Alpländischer Kreditorenverband) provides creditors with extensive information, collection and assistance services, collects business-relevant borrower data and can represent the lenders in bankruptcy proceedings before the courts.
Lending rates are the interest you receive on credit. The lending rates are usually given as a percentage per annum (per anno = pa). Interest income is generally subject to capital gains tax (KEST), which currently represents 25% of interest income. The interest on loans can be agreed with the house bank and depends, among other things, on the size of the assets used and the time of the capital commitment.
For borrowed capital (credit, overdraft, etc.), unlike lending rates, interest charges are payable. The one who concludes a claim (contract) is usually responsible. Anyone who is liable for a loan, a lawsuit, etc., has to expect that he really has to pay. For example, if the borrower as the liable party pays the installment as agreed, the guarantor (including the liable party) will not be required to pay, even though he will pay the balance.
If the borrower is in default as principal, the guarantor – due to its liability – is obliged to provide benefits. designates the auction of land, residential property or single-family homes for non-payment of a claim. If a vendor (see vendor) with his claims is registered in the cadastre, he can submit the auction (“recovery”) of the property.
If the lender is not registered in the cadastre, he can obtain this registration through a court hearing. The proceeds of the realization are – according to their classification in the cadastre – used by the lenders to secure their claims. In addition to the capital tranches, the resulting credit costs are to be paid separately. Over all debts of natural persons from credits (credit / loan number, co-debtor, guarantor) and the associated inconsistencies leads the credit protection book 1870 book In a certain framework the credit can be taken also several times, in limited height and for a limited period.
Overdraft facilities that are not covered by a loan agreement are due for immediate payment. In this case, the amount will be refunded. Informal lending by debiting the unsecured account. Interest, fees and commissions are usually significantly more expensive for overdrafts than for formal loans. Possibility to raise loans beyond the contractual arrangements or to fulfill repayment obligations arising from current business activities beyond life expectancy and other liabilities (see also contract capability).
Persons taking out loans. Death insurance to secure the accounts receivable. If the borrower dies, the outstanding credit claim is covered by the health insurance company. Federal tax that applies to almost all credit transactions. It amounts to 0.8% of the loan. tries to grant loans to the borrowers, mostly bank loans are arranged.
As a rule, the marketed loans are relatively cheap, for the brokerage itself an additional commission is payable. If the mediation fails due to incorrect or incomplete data of the borrower, compensation for the resulting issue may be required. The lender must be provided with the name and address by the intermediary until the loan is paid out.
A loan is the temporary provision of funds. The loan agreement (consensus agreement) is already justified by the assumption of the loan commitment (Promesse) or by the taking over of the loan application for the loan application of the loan application by the responsible financial institution. Authorizes the borrower then, as agreed, to sell the loan amount immediately or later, in whole or in part, in cash or in kind.
It does not require the payment of the loan amount to the borrower or to a third party, which accompanies the conclusion of the contract, in order to be effective. The loan agreement concluded with the financial institutions is usually a mixed agreement as it not only includes the loan agreement but also business management components. By including the effectiveness of the “General Terms and Conditions of Eastern Credit Enterprises” (GTC) in the Loan Agreement, the conclusion of a current account and current account agreement is often linked to it.
However, due diligence exercised by financial institutions when processing credit transactions usually requires the written form of such contracts. Answer the question: What facts speak in addition to the creditworthiness for a proper repayment of the loan? Ultimately, it’s about the personal confidence in the borrower. This is the economic performance of a borrower, taking into account his financial and social overall situation (see also credit check) in connection with a desired lending.
In doing so, the expected net realizable value of the leased asset (= assets of the leased asset after termination of the lease) is only depreciated on an interest basis during the calculation of the lease and not as an asset – partial depreciation. As a rule, leasing business is increasingly replacing borrowing, especially in motor vehicle finance. The lease agreement stipulates that the hirer pays a monthly lease payment, after which the leased lease can usually be decided by the lessee as to whether he leases the leased vehicle.
When financing, the debtor must also include the expenses for the usually compulsory sum insurance. However, if ownership passes to the lessee, the Consumer Protection Act provides that interest may only be charged until the end of the contract. Life insurance policies can be “limited to transferability” as collateral for loans; In the event of default, the lender can enforce the claims from the insurance policy.
Legal lien on the receipts of the debtor to secure a claim (usually as additional security for loans). In the event of default of payment, the vendor, after receiving the liquidation agreement, can charge the borrower with salary cuts directly from the third party debtor. In principle, no lender is not required to post a payment due before the prosecution.
Reminder letters are only necessary if no payment terms have been agreed; In this case the claim will be due immediately by the reminder. When you receive a payment reminder and payment problems occur, it is best to immediately contact the vendor and try to reach a new payment option. This joint and several liability provides lenders with security for their claims.
Everyone is responsible for the total claim, and the lender can choose who they want to pay for. The tranches are used to repay principal and interest. The interest portion of the flat rate decreases during the term, while the capital portion of the capital repayments increases. Any kind of loan financing of a physical person or a “private household” for private use; for short or medium term financing of consumer spending or housing.
For “consumer loans”, the banking law provides for certain formal requirements and minimal content requirements (written form, information on the total load, effective and notional interest, determination of a possible interest escalation clause, details of the number, amount and due date of the partial payments). Installment agreements are recommended or required if the total claim can not be settled at once. Due to the usually high interest charges, this is a relatively expensive form of financing.
Liability of multiple parties as co-debtors, allowing the lender to fully enforce the claims against each of them. The interest that the consumer of a financial institution has to pay for the granting of a loan. Deferral of the “due date” or the actual payment date of a claim by agreement with the lender. As a rule, a “pure deferral” is usually decided without fulfilling the term of the contract.
Only with the late payment of the claims, the vendor agrees, the claims themselves remain owed; the creditor refrains from enforcing the sentence by act or execution for the deferment period. The suspended tranches are either distributed to the following tranches and thus the further benefits are increased, or they are paid in the originally agreed amount, but only shortly thereafter.
In any case, the total load increases, the debtor pays more for his outstanding debts. In the case of loans, repayment is made either in installments (capital rates) or in pensions (flat rates). The repayment installments include only the principal amount due for repayment; the interest must be paid separately at the corresponding interest rates. In addition to the nominal amount due for repayment, the pension insurance also includes interest.
Because the rates remain the same throughout the loan period – only the latter is slightly higher or lower – the interest expense at the beginning of the loan period and the repayment portion is lower, but at the end the reversal period. Because the current account interest is initially calculated from a higher residual debt. Payment on a credit account, which exceeds the existing installment payment obligations.
Target status beyond a possibly granted credit line or overdraft credit line. The overdraft or overdraft facility gives many banking customers the convenient option of taking out a short-term loan without the hassle of formalities. Debt rescheduling allows the pooling of various claims and reduces the creditors. The common concern of reschedule planning is to achieve more favorable terms (interest rates, total pay, installment, bills, bills or collateral reduction, etc.).
Debt problems that are grueling for both sides can be resolved through judicial or extrajudicial settlement, and the debtor will request a reduced payment in case of a waiver of the remaining debt. Any claim or claim may become statute-barred, ie expire after a period set by Parliament. The capital requirement securitized by a bond may expire as well as the interest claim.
The company capital is subject to a period of 30 years from the due date for interest of three years from the end of the maturity year. If he fails to do so, a default judgment will be issued and the lender will have a writ of execution despite statutory limitation periods. Claims for money will normally be forfeited within 3 years of the due date or the last reasonable attempt to collect the claim.
In a foreclosure proceeding, the debtor must submit an asset list if no seizable property is found. In insolvency proceedings, the submission of a precise statement of assets is a prerequisite for opening when there is a shortage of assets likely to be sufficient to cover the expenses incurred in the insolvency proceedings. The transfer restriction of (insurance) claims serve (mostly credit institutions) to secure a claim basis (credit, overdraft).
In the event of an insurance event (eg death), the insured sum will be credited to the pledgee / insurer lender to cover outstanding claims. Assignment of a claim from one vendor to another, the legal claim on the respective claims is transferred to the new vendor. The assignment is only allowed to the debtor after notification of the assignment to the new payee; only the new payee can claim the delay and enforce it if necessary.
The agreed interest may be adjusted by the Bank if expressly set as such in the credit agreement. A provision which merely gives the creditor the right to increase the interest rate without compelling it to reduce it in the event of a change in circumstances would be inefficient. Interest is converted to unpaid interest.
The interest on loans is not always the same, but depends on the economic situation. The prices for loans are given as a percentage of each interest settlement period.
The amount (interest rate) depends on the money or capital situation.