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Prepaid cards are issued by banks and financial service companies, and you only have access to the money you load onto them. You aren’t borrowing money or paying a deposit that acts as ...
Advance payments made as a loan are generally repayable but this is not always the case. In Leibson Corporation and Others v TOC Investments Corporation and Others, an English Court of Appeal case in 2018, [3] it was established following principles of contractual interpretation that, in the absence of any specific language to the contrary, an "advance" is not always repayable.
Prepaid refers to goods and services paid for in advance. Examples include postage stamps, attorneys, tolls, public transit cards like the Greater London Oyster card, pay as you go cell phones, and stored-value cards such as gift cards and preloaded credit cards. Prepaid services and goods are sometimes targeted to marginal customers by retailers.
Stored-value cards are prepaid money cards and may be disposed when the value is used, or the card value may be topped up, as in the case of telephone calling cards or when used as a fare card. The term closed-loop means the funds and/or data are physically stored on the token or card in the form of binary-coded data. This is unlike payment ...
Direct deposit is the easier, faster and safer way to get paid. Setting up direct deposit with an employer is a relatively simple process — in most cases, you just need to complete a form ...
Prepaid debit cards are an alternative way to access and spend money by using a physical card, mobile app, website or electronic payment. These cards can be handy if you need to quickly add money ...
A deposit account is a bank account maintained by a financial institution in which a customer can deposit and withdraw money. Deposit accounts can be savings accounts , current accounts or any of several other types of accounts explained below.
The recent [when?] changes to the condominium and cooperative laws in New York have created limits for the regulations behind security deposits. Cooperative boards can no longer charge more than one month of prepaid maintenance and another month's maintenance as a security deposit restricting the amount to be owed before moving in. [12] [13]