Loan Accounting

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August 25, 2024 3 min read Definitions
Unearned Discount: Recognition of Interest Deducted in Advance
Finance Accounting Unearned Discount Lending Institution Deferred Income Loan Accounting Interest Recognition
Unearned Discount account on the books of a lending institution recognizing interest deducted in advance from the loan, which will be taken into income as earned over the life of the loan.
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August 25, 2024 3 min read Definitions
Unearned Interest: An In-depth Exploration of Prepaid Interest
Finance Accounting Unearned Interest Prepaid Interest Loan Accounting Taxable Income Book Earnings
Unearned Interest refers to interest that has already been collected on a loan but cannot yet be counted as book earnings. This category of interest includes prepaid interest, which is taxable upon receipt by both cash or accrual basis taxpayers.
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August 24, 2024 3 min read Definitions
Unearned Interest: Definition, Mechanism, Calculation
Finance Banking Unearned Interest Loan Accounting Financial Terms Interest Calculation Banking Regulations
Unearned interest refers to the interest collected on a loan by a lending institution, which has yet to be recognized as income. This article explores its definition, mechanisms, calculation methods, and more.
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