Installment Receipt
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Installment Receipt
An instalment (or installment in American English) usually refers to: Economics and finance * Equated monthly installment, a fixed payment amount made by a borrower to a lender at a specified date each calendar month * Installment Agreement, an Internal Revenue Service (IRS) program, which allows individuals to pay tax debt in monthly payments * Installment loan, a loan that is repaid over time with a set number of scheduled payments * Installment note, a form of promissory note calling for payment of both principal and interest in specified amounts at specific time intervals * Installment plan, the acquisition of an asset by paying an initial installment and repaying the balance of the price of the asset plus interest over a period of time * Installment sale, a disposition of property where at least 1 loan payment is to be received after the close of the taxable year in which the disposition occurs ** Monetized Installment Sale, the attempt by a seller of appreciated assets to d ...
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American English
American English, sometimes called United States English or U.S. English, is the set of variety (linguistics), varieties of the English language native to the United States. English is the Languages of the United States, most widely spoken language in the United States and in most circumstances is the de facto common language used in government, education and commerce. Since the 20th century, American English has become the most influential form of English worldwide. American English varieties include many patterns of pronunciation, vocabulary, grammar and particularly spelling that are unified nationwide but distinct from other English dialects around the world. Any North American English, American or Canadian accent (sociolinguistics), accent perceived as lacking noticeably local, ethnic or cultural markedness, markers is popularly called General American, "General" or "Standard" American, a fairly uniform dialect continuum, accent continuum native to certain regions of the U ...
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Equated Monthly Installment
An equated monthly installment (EMI) is defined by Investopedia as "A fixed payment amount made by a borrower to a lender at a specified date each calendar month. Equated monthly installments are used to pay off both interest and principal each month, so that over a specified number of years, the loan is fully paid off along with interest." It further explains that, with most common types of loans, such as real estate mortgages, the borrower makes fixed periodic payments to the lender over the course of several years with the goal of retiring the loan. EMIs differ from variable payment plans, in which the borrower is able to pay higher payment amounts at his or her discretion. In EMI plans, borrowers are mostly only allowed one fixed payment amount each month. The benefit of an EMI for borrowers is that they know precisely how much money they will need to pay toward their loan each month, making the personal budget A personal budget (for the budget of one person) or household ...
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Installment Agreement
An Installment Agreement in the United States is an Internal Revenue Service (IRS) program which allows individuals to pay tax debt in monthly payments. The total amount paid can be the full amount of what is owed, or it can be a partial amount. There are several different kinds of Installment Agreements: Guaranteed, Streamline, Partial and Full Pay. Usually, one must owe less than ''$50,000'' to get a streamlined installment agreement. The payment amount is the total amount of debt divided by 72 months. If the amount owed is less than ''$25,000'' one can complete the Form 9465. If you owe more than 25,000 but less than $50,000 you need to submit a 433-D. If you owe more than $50,000 you will need to submit a financial statement or 433f or 433a. If you owe business taxes like 941 or 940 taxes your payment plan will be 24 months not 72 months. There are benefits to having an installment agreement with the IRS in that in most cases you can avoid a tax lien if you have a direct debit ...
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Installment Loan
An installment loan is a type of agreement or contract involving a loan that is repaid over time with a set number of scheduled payments; normally at least two payments are made towards the loan. The term of loan may be as little as a few months and as long as 30 years. A mortgage loan, for example, is a type of installment loan. The term is most strongly associated with traditional consumer loans, originated and serviced locally, and repaid over time by regular payments of principal and interest. These “installment loans” are generally considered to be safe and affordable alternatives to payday and title loans, and to open ended credit such as credit cards. In 2007 the US Department of Defense exempted installment loans from legislation designed to prohibit predatory lending to service personnel and their families, acknowledging in its report the need to protect access to beneficial installment credit while closing down less safe forms of credit. History Lending has bee ...
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Installment Plan
A hire purchase (HP), also known as an installment plan, is an arrangement whereby a customer agrees to a contract to acquire an asset by paying an initial installment (e.g., 40% of the total) and repaying the balance of the price of the asset plus interest over a period of time. Other analogous practices are described as closed-end leasing or rent to own. In other words installment means to let a thing without giving total price while payment will be given in a given time period. The buyer will pay monthly agreement installment. The hire purchase agreement was developed in the United Kingdom in the 19th century to allow customers with a cash shortage to make an expensive purchase they otherwise would have to delay or forgo. For example, in cases where a buyer cannot afford to pay the asked price for an item of property as a lump sum but can afford to pay a percentage as a Down payment, deposit, a hire-purchase contract allows the buyer to hire the goods for a monthly renting, re ...
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Installment Sale
In United States income tax law, an installment sale is generally a "disposition of property where at least 1 loan payment is to be received after the close of the taxable year in which the disposition occurs." The term "installment sale" does not include, however, a "dealer disposition" (as defined in the statute) or, generally, a sale of inventory. The installment method of accounting provides an exception to the general principles of income recognition by allowing a taxpayer to defer the inclusion of income of amounts that are to be received from the disposition of certain types of property until payment in cash or cash equivalents is received. The installment method defers the recognition of income when compared with both the cash and accrual methods of accounting. Under the cash method, the taxpayer would recognize the income when it is received, including the entire sum paid in the form of a negotiable note.Overview of Issues Relating to the Modification of the Installmen ...
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Monetized Installment Sale
A monetized installment sale is a special type of installment sale whereby a seller of appreciated assets attempts to defer U.S. Federal income tax liability over a period of years while currently receiving cash or other liquid assets via a monetization transaction, such as a loan. Pursuant to section 453 of the Internal Revenue Code, installment sale treatment allows a seller to defer recognition of a portion of the gain on the sale of an asset where at least one payment is to be received by the seller after the close of the taxable year in which the sale occurs. In a monetized installment sale, the seller defers recognition of tax on the installment sale payments while 'monetizing' the installment note via a separate, tax free borrowing. Although the tax is deferred until the receipt of payment under the installment contract, an interest charge is imposed on installment sales above $5,000,000, except in the case of agricultural assets, which has no limitation. Used by public co ...
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Installment Sales Method
The installment sales method is one of several approaches used to recognize revenue under the US GAAP, specifically when revenue and expense are recognized at the time of cash collection rather than at the time of sale. Under the US GAAP, it is the principal method of revenue recognition when the recognition occurs subsequently to the sale. Installment sales method The installment sales method, is used to recognize revenue after the sale has occurred and when sales are stipulated under very extended cash collection terms. In general, when the risk of not being able to collect is reasonably high and when there is no reasonable basis for estimating the proportion of installment accounts, revenue recognition is deferred, and the installment sales method is used. The installment sales method is typically used to account for sales of consumer durables, retail land sales, and retirement property. Under the cost recovery method, another method to recognize income after the sale is made, ...
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Book Series
A book series is a sequence of books having certain characteristics in common that are formally identified together as a group. Book series can be organized in different ways, such as written by the same author, or marketed as a group by their publisher. Publishers' reprint series Reprint series of public domain fiction (and sometimes nonfiction) books appeared as early as the 18th century, with the series ''The Poets of Great Britain Complete from Chaucer to Churchill'' (founded by British publisher John Bell (publisher), John Bell in 1777). In 1841 the German Tauchnitz publishers, Tauchnitz publishing firm launched the ''Collection of British and American Authors'', a reprint series of inexpensive paperbound editions of both public domain and copyrighted fiction and nonfiction works. This book series was unique for paying living authors of the works published even though copyright protection did not exist between nations in the 19th century. Later British reprint series were ...
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Film Series
A film series or movie series (also referred to as a film franchise or movie franchise) is a collection of related films in succession that share the same fictional universe, or are marketed as a series. This article explains what film series are and gives brief examples of movie series. The body shows a list of the most popular film series and franchises in the United States and Canada. Description Sometimes the work is conceived from the beginning as a multiple-film work—for example, the '' Three Colours'' series—but in most cases the success of the original film (or an original series in the case of the ''Skywalker Saga'') inspires further films to be made. Individual sequels are relatively common but are not always successful enough to spawn further installments. As of 2022, the 30 films of the Marvel Cinematic Universe form the highest-grossing film series even when adjusted for inflation, surpassing J. K. Rowling's Wizarding World (11 films), '' Star Wars'' (12 films) ...
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Video Game Series
This is a list of video game franchises, organized alphabetically. All entries include multiple video games, not counting ports or altered re-releases. 0–9 *''1080° Snowboarding'' *''1942'' *''3D Ultra Minigolf'' *'' 3-D Ultra Pinball'' *''7th Dragon'' A *''A Boy and His Blob'' *''Ace Attorney'' *''Ace Combat'' *'' ActRaiser'' *'' Adventure Island'' *''Adventures of Lolo'' *''Aero Fighters'' *''Aero the Acro-Bat'' *''After Burner'' *''Age of Empires'' *'' Age of Wonders'' *'' Airforce Delta'' *'' Aleste'' *''Alex Kidd'' *'' Alien Breed'' *''Alien Syndrome'' *'' Alone in the Dark'' *''Alpine Racer'' *''Altered Beast'' *''Alundra'' *''American McGee's Alice'' *''America's Army'' *''Amnesia'' *'' Amped'' *'' Angry Birds'' *''Animal Crossing'' *''Anno'' *'' Anomaly'' *''Another Century's Episode'' *''Another Code'' *'' Ape Escape'' *''Arc the Lad'' *''Arkanoid'' *'' ARMA'' *''Armored Core'' *''Army Men'' *''Army of Two'' *''Art Academy'' *''Ar Tonelico'' *''Asheron's Call'' *'' ...
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