Encashment


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Encashment

The act of paying a loan or other liability in cash, as opposed to some other means such as check or credit card.
References in periodicals archive ?
In case of cars with engine capacity of 1800cc and above and 4 x 4 vehicle in new condition to be imported either under personal baggage or under gift scheme, the duty and taxes will be paid out of foreign exchange arranged by Pakistan nationals themselves or local recipient supported by bank encashment certificate showing conversion of foreign remittance to local currency, prior to aforementioned amendment.
KARACHI -- Ministry of Water and Power has called the 13 IPPs for a meeting tomorrow which have recently withdrawn the sovereign guarantee encashment demand as a goodwill gesture after getting assurance from the government to resolve the issue.
This allegedly allowed 'the encashment of said check[s] and using the proceeds thereof for their personal use and benefit,' according to the charge sheets.
A For full encashment, it's either P50Z if you have other income or P53Z if not.
The branch is mounted on a 4 by 2 truck and offers cash deposits, cash withdrawals, cheque deposit and encashment, account enquiries etc.
Royal London pension specialist Fiona Tait says: "The research indicates around a third of people who are withdrawing cash do not appreciate their options could include a switch to a similar investment fund within their existing pension plan without paying the tax charge for full encashment or switch to an alternative provider which allows partial encashment.
All eligible transactions made during the period of the draw, including Money Transfers, Purchase of Foreign Exchange or National Bonds, Air Ticket Payment for Air Arabia or Fly Dubai, and Credit Card Encashment from any of the Al Ansari Exchange branches in the UAE will qualify for the raffle draw.
We have seen a high number of pension freedom inquiries from Friends Life customers, the vast majority requesting full encashment and this continues to be our focus.
Following the initial surge at the beginning of April through to the middle of May, Scottish Widows has seen a 72% decrease in full pension encashment requests as customers make increasing use of the Government's Pension Wise service.
The procedure for payment is in instalment because if any athletes/ officials intend to go early then recovery will be difficult if full payment is made and also the encashment of Travellers cheque can not be in cash in once because the limitation of encashment.
She also alleged that the party is aiming at political encashment, adding that there was an attitude of dictatorship in the P.
Whilst the precise circumstances depend on whether your funds are invested in an onshore or offshore bond, additional rate taxpayers should delay either the partial or total encashment of the bond until the rate has fallen to 45p in the pound.