A. In the Wescon transaction, Lincoln Savings and Loans seem to be providing themselves with protection against Wescon defaulting on their loan payments. However, because the loan is given to the minority shareholder and not Garcia himself, LSL should recognize this transaction as a legitimate loan. Because AMCOR is a subsidiary of LSL, the revenue from the transaction should be recognized in full according to Accounting Standard Statement 66, or the Accounting for Sales of Real Estate. The entire
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Useful Definitions and Information about Bonds Here is some terminology to remember: Bond: Long term debt instruments issued by corporations or governments Face Value (or par value or maturity value): The promised repayment at the end of the loan Coupon: The regular interest payments promised by the bond issuer Coupon Rate: Annual coupon payment divided by the face value Time to maturity: Number of years remaining to the face value payment (notice that ‘time to maturity’ for a bond decreases
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Company. The reason that Riverside Bottling Company would suffer is that they would not meet the requirements of the cash account balance being maintained it $200,000 or more and thus default on the loan agreement. Also this would possibly result in higher loan interest rates being applied by the bank to the loan with Riverside Bottling Company. However, the person who would suffer if complying with Gena Schmitt’s instructions would also be Riverside Bottling Company and the bank. The reason the company
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desperately to fill up. Then, as of January 2009, we finally got a new tenant but the tenant was only able to pay two-thirds of the monthly rent, and I had to come up with the rest of the monthly mortgage amount. Besides that, I had other personal loans and debts which I am still paying off. I have tried to refinance this property but I was unable to do so because of the drastic market drop. I have been trying to keep up with the mortgage payments using my savings up to this point, hoping that
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there no requirement for a default by a third party as a condition of liability but there may not even be a third party involved for either the creation or exercise of the right. Indemnity holder Indemnifier Guarantee When getting a bank loan, a person is often asked to provide a guarantee. Guarantee an indemnity are often used to reinforce each other. “A contract of guarantee is an undertaking by which a person accepts what is sometimes called a secondary liability to answer for the
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problem to be investigated is the effect of subprime mortgage loans on the economy. According to Merriam Webster subprime is defined as having or being an interest rate that is higher than a prime rate and is extended especially to low-income borrowers; extending or obtaining a subprime loan (Webster, 2012). Subprime mortgage loans are loans given to people with a low credit score. Subprime borrowers normally don’t qualify for prime loans or prime lending. According to Jennings, the subprime mortgage
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going on in the case of our company. We need the funds up front and will promise to pay the loan back when we have set up our other locations and have the funds to do so. The bank in which we have chosen for our line of credit have some simulations to our proposed idea, so we must break them down to understand exactly what we are getting ourselves into. In this case we will be getting a line of credit or a loan from the bank to be paid back over the course of the next few years. During which time we
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renew their strategy? 2. How can GOCB deal with their unstable status? 3. How GOCB will resolve the problem of the ethical responsibilities of the officers? II. Statement of Objective: To recover the loss valued at P5.0 billion by requesting a loan from BSP which carry a lower interest rate and fees, payable in 10 years time. III. Areas of Consideration: Strengths | Weaknesses | Opportunities | Threats | • GOCB was very innovative company which can easily adapt changes happen in the society
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and leveraged loans have played important roles in Wellfleet Banks’ corporate bank business since 2004. Facility for Gatwick Gold Corporation, with a large amount of debt already, a 1-year bridging loan of $1billion is considered as a leveraged loan. Gatwick Gold Corporation had committed a $50 million facility before. A sudden increase in this limit by $1 billion surprised relationship manager Jaidev Kapoor, who had 10-year working experience in Wellfleet. In addition, a syndicated loan agreement is
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previous years showed net earnings in positive numbers before Lawsons borrowed money at interest rates that were too high for them to support a successful business. Giving a loan to Paul Mackay, owner of the store, would allow for Lawsons to reduce interest rates while moving some current liabilities to a long-term bank loan. Paul Mackay has been an active member of the community as well as a hard worker at Lawsons. He has shown that the store is dedicated towards low and middle income families.
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