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  2. Arrears - Wikipedia

    en.wikipedia.org/wiki/Arrears

    The amount of the arrears is the amount accrued from the date on which the first missed payment was due. The term is usually used in relation with periodically-recurring payments such as rent , bills , royalties (or other contractual payments), and child support .

  3. Equated monthly installment - Wikipedia

    en.wikipedia.org/wiki/Equated_Monthly_Installment

    The formula for EMI (in arrears) is: [2] = (+) or, equivalently, = (+) (+) Where: P is the principal amount borrowed, A is the periodic amortization payment, r is the annual interest rate divided by 100 (annual interest rate also divided by 12 in case of monthly installments), and n is the total number of payments (for a 30-year loan with monthly payments n = 30 × 12 = 360).

  4. Penalty interest - Wikipedia

    en.wikipedia.org/wiki/Penalty_interest

    Penalty interest, also called penalty APR (penalty annual percentage rate), [1] default interest, interest for/on late payment, statutory interest for/on late payment, [2] [3] interest on arrears, or penal interest, in money lending and in sales contracts is punitive interest charged by a lender to a borrower if installments are not paid according to the loan terms.

  5. Can Your Tax Refund Be Garnished? - AOL

    www.aol.com/tax-refund-garnished-170327055.html

    So if you happened to be in arrears on both child support and federal student loans, for example, but you overpaid in income taxes and thus are expecting a refund, your refund will go first to the ...

  6. 6 Things All Retirees Need to Know About Social Security COLAs

    www.aol.com/6-things-retirees-know-social...

    However, since Social Security is paid one month in arrears, the December payment wasn't actually received until January. 4. There's no such thing as a negative COLA.

  7. Apology over Christmas bill 'distress' after error

    www.aol.com/apology-over-christmas-bill-distress...

    The man was told he owed Sheffield City Council several years' worth of council tax arrears [BBC] ... The council realised there was a mistake in 2023 and "reversed the amount of CTR it awarded", ...

  8. Bad debt - Wikipedia

    en.wikipedia.org/wiki/Bad_debt

    In finance, bad debt, occasionally called uncollectible accounts expense, is a monetary amount owed to a creditor that is unlikely to be paid and for which the creditor is not willing to take action to collect for various reasons, often due to the debtor not having the money to pay, for example due to a company going into liquidation or insolvency.

  9. Family Eviction Prevention Supplement - Wikipedia

    en.wikipedia.org/wiki/Family_Eviction_Prevention...

    The tenants must pay the amount over what FEPS is paying using their cash assistance, child support, work income, or from a third party. [ 5 ] If the tenant has to leave the apartment because of a court or agency vacate order (e.g., if a city agency like the Department of Buildings ordered the building to be emptied because of structural ...