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  2. Punch list - Wikipedia

    en.wikipedia.org/wiki/Punch_list

    In the United States construction industry, contract agreements are usually written to allow the owner to withhold (retain) the final payment to the general contractor as "retainage". [3] The contractor is bound by the contract to complete a list of contract items, called a punch list, in order to receive final payment from the owner.

  3. Percentage-of-completion method - Wikipedia

    en.wikipedia.org/wiki/Percentage-of-Completion...

    The accounting for long term contracts using the percentage of completion method is an exception to the basic realization principle. This method is used wherein the revenues are determined based on the costs incurred so far. The percentage of completion method is used when: Collections are assured; The accounting system can: Estimate profitability

  4. Retainage - Wikipedia

    en.wikipedia.org/wiki/Retainage

    The owner is to pay retainage to the contractor when substantial completion has occurred, however, in this abusive, over-withholding scenario, the contractor will already have been paid a portion of the subcontractors' funds, meaning that the contractor will have to fund the balance of the payment from its own cash flow.

  5. What is an acceleration clause? And what triggers it? - AOL

    www.aol.com/finance/acceleration-clause-triggers...

    It will outline what triggered the acceleration clause and include details on the amount you must pay and the deadline for making payment. Typically, the deadline is 30 days from the date of the ...

  6. Maturity (finance) - Wikipedia

    en.wikipedia.org/wiki/Maturity_(finance)

    In finance, maturity or maturity date is the date on which the final payment is due on a loan or other financial instrument, such as a bond or term deposit, at which point the principal (and all remaining interest) is due to be paid. [1] [2] [3] Most instruments have a fixed maturity date which is a specific date on which the instrument matures ...

  7. Mortgage - Wikipedia

    en.wikipedia.org/wiki/Mortgage

    Completion: legal completion of the mortgage deed, and hence the start of the mortgage. Redemption: final repayment of the amount outstanding, which may be a "natural redemption" at the end of the scheduled term or a lump sum redemption, typically when the borrower decides to sell the property. A closed mortgage account is said to be "redeemed".

  8. Ex-FBI informant accused of lying about Bidens agrees to ...

    www.aol.com/ex-fbi-informant-accused-lying...

    A former FBI informant accused of lying about President Joe Biden and his son Hunter Biden’s alleged business dealings with a Ukrainian energy company has agreed to plead guilty to federal ...

  9. Elon Musk pay defeat sets up a 2025 legal battle that could ...

    www.aol.com/finance/elon-musk-pay-defeat-sets...

    Tesla pledged to keep fighting for Elon Musk's $56 billion pay to be restored, a battle that could make it all the way to the highest US court.

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