Repayment

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Repayment

The act of paying off debts. If one borrows a certain amount, one must eventually repay it to the lender.
References in periodicals archive ?
As the loan was repaid, the purchased shares were allocated to participating employees, giving them a stake in the company's future.
DUBAI - His Highness Shaikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE, in his capacity as Ruler of Dubai, has issued a decree waiving certain percentages of amounts if the borrower repaid a loan before its maturity date.
In response to enquiries from the Sunday Mirror, Mr Darling disclosed Northern Rock has now repaid "around pounds 4 billion" of the Bank of England loan.
But unless the related borrower becomes insolvent or bankrupt and is unlikely to recover financially to the point where the loan can be repaid, the lender can expect the IRS to deny a deduction.
Dubai Holding Commercial Operations Group, a holding company controlled by Dubai's ruler, has announced that it has repaid a loan to France-based BNP Paribas (BNPP.PA).
The taxpayer either deducts the amount repaid or claims a credit equal to the reduction in tax that would have occurred had the amount repaid been excluded from income in:the earlier year.
Already 14 of the smaller banks have repaid TARP funds to the government.
To satisfy the repayment term requirement, the loan, by its terms, must be repaid within five years--unless the loan is used to acquire a dwelling unit which, within a reasonable time, will be used as the participant's principal residence (Sec.
Family Springboard to September 30, 2019 Rate: 2.79% (APR 3.01%) Variable rate for remaining term: 2.75% Arrangement fees: No fee Benefits: 95% LTV and low fees Early repayment charge: 3% if repaid before September 30, 2019 and PS80 final repayment charge (Barclays Family Springboard) Purchase offset 3 year fixed rate Rate: 1.84% (APR 3.58%) Variable rate for remaining term: 3.99% Arrangement fees: PS1,500 fee (can be added) Benefits: 60% LTV and free valuation Early repayment charge: 2% if repaid before December 2, 2017, then 1.3% if repaid before December 2, 2018 (Scottish Widows) Remortgage 5-year fixed rate Rate: 1.97% (APR 3.5%) Variable rate for remaining term: 4.79% Arrangement fees: PS995 arrangement fee Benefits: 65% LTV, need Metro account 5% if repaid before November 1, 2021.
In a bankruptcy reorganization, postpetition loans from a shareholder may, with the-approval of the Bankruptcy Court, qualify as "super-priority" debt that can be repaid before the debts to prepetition creditors, including secured creditors.
If the reduced-basis debt is repaid before its basis is restored by future S income, the shareholder recognizes income on otherwise tax-free principal repayments (usually an unfavorable result).
Generally, debt basis is increased, but not above its face amount, by a shareholder's allocable portion of the corporation's net income for the tax year.(20) A shareholder's portion of net income is used first to fully reinstate the debt basis of any of the shareholder's loans outstanding at the beginning of the tax year (before it is used to increase stock basis).(21) According to the regulations, the basis increase is first applied to restore the prior basis reduction in any indebtedness that is repaid in whole or part during the tax year.(22) Any residual increase is used to restore the basis of any other outstanding shareholder loans in proportion to the amount that the basis of such loans has been reduced but not yet restored.(23)