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Trailing interest (also known as residual or two-cycle interest) refers to the interest that accrues on a credit card balance after the statement is issued, but before the balance is repaid. The monthly statement shows how much interest is owing at the time it is produced. The balance then continues to accrue interest until it is repaid.
The residual is the difference between the observed value and the estimated value of the quantity of interest (for example, a sample mean). The distinction is most important in regression analysis , where the concepts are sometimes called the regression errors and regression residuals and where they lead to the concept of studentized residuals .
It is also known as a residual estate or simply residue. The will may identify the taker of the residuary estate through a residuary clause or residuary bequest . The person identified in such a clause is called the residuary taker , residuary beneficiary , residuary legatee , or residuary devisee . [ 2 ]
Today is the day you pay off the remaining balance on your credit card. Congrats! But if you waited until you received your statement in the mail, you’ll have to fork over additional money ...
Residual income is the money you have left after your bills are paid. Another term for it is discretionary income -- fitting, because residual income is yours to do with what you want. Ideally ...
Residual in the bankruptcy of insolvent businesses, moneys that are left after all assets are sold and all creditors paid, to be divided among residual claimants Residual (or balloon) in finance, a lump sum owed to the financier at the end of a loan's term; for example Balloon payment mortgage
What is residual income? Residual income is the money left over after you pay your bills (house payments, utilities, loans, credit cards, etc.). There are a few different ways to build residual ...
Residual risk is defined in this context as the risk associated with differences between the stochastic inflows of assets into the organization and precedent agents' claims on the organization's cash flows. Precedent agents' claims on an organization's cash flows can consist of e.g. employees' salaries, creditors' interest or the government's ...