What is the net balance for other terms?
Net Balance for Other Terms is the balance or credit from other terms. Account Balance is the amount due before pending financial aid. Account Balance net of Authorized Financial Aid and Memos is the current balance due after subtracting pending financial aid.
What is memo approval?
Credit Approval Memo means a memorandum describing each applicable Eligible Asset (including a summary of the potential transaction benefits and all material underwriting risks, all Underwriting Issues and all other characteristics of the proposed transaction that a reasonable buyer would consider material) and …
What does payment due net mean?
“Net” means that the full amount is due for payment. Thus, terms of “net 20” mean that full payment is due in 20 days. The term may be abbreviated to “n” instead of “net”.
Can I still pay with a negative balance?
In most cases, if a bank account drifts into negative territory, it’s for a small amount of money. Unless you have an overdraft agreement with your bank, most banks will stop further transactions from going through via your debit card or withdrawals. They’ll also prevent further draft activity and will refuse checks.
Does balance mean I have money?
It’s the amount you have in the account before any pending charges are added. Your available balance is the amount you can use for purchases or withdrawals.
Does balance mean I have to pay?
What does current balance mean? If you’re looking at your account online, your current balance is a total of all charges, interest, credits and payments on your account. Think of it as a somewhat real-time view of what you owe.
What is the difference between actual balance and available balance?
Here’s what they mean: ‘Balance’ shows how much money is actually in your account. ‘Available’ shows how much money you’re allowed to use.
What is balance also known as?
equity, harmony, tension, stability, difference, profit, surplus, adjust, harmonize, offset, readjust, stabilize, weigh, assess, calculate, antithesis, correspondence, counterbalance, equivalence, evenness.
Who is CMG Financial owned by?
Founder and CEO, Christopher M George, was Chairman of the Mortgage Bankers Association in 2019. CMG makes its products and services available to the market through three distinct origination channels including Retail Lending, Wholesale Lending, and Correspondent Lending.
Is CMG a good company?
CMG Financial has an A rating from the Better Business Bureau. The Consumer Financial Protection Bureau received 33 complaints about CMG Mortgage in 2022. The majority were related to trouble during the payment process.
Why do I have pending financial aid?
Pending financial aid is aid that has been awarded but has not been disbursed. You should compare your financial aid award to your bill to ensure you have enough to cover your outstanding balance. Remember, financial aid is awarded based on a full-time schedule (12+ credits).
How do I adjust my financial aid?
Select the “Log In” button and enter your FSA ID. On the “My FAFSA” page, select “Make Corrections.” Create a save key. Change your information. Submit your new information.
Can I spend my negative balance?
A negative balance usually means the cardholder has received a refund for a purchase, a reversal for a fraudulent purchase, a credit card reward or a statement credit. Use up a negative balance by making purchases with the card or by requesting a refund from the card issuer.
What happens if you go into negative balance?
If your balance goes into overdraft, the funds are transferred automatically to your checking account to cover the difference. In other cases, the bank won’t return the transaction and process it, which means you’ll be charged fees until you deposit money to cover the difference.
Does balance mean I owe money?
Your credit card balance is the total amount of money you owe your credit card company. However, understanding your card’s different balances might be a bit confusing at first. You may see “previous balance” and “new balance” when reading your credit card statement.
Can I spend my available balance or current balance?
Your available balance is the amount of money in your account, minus any credits or debts that have not fully posted to the account yet. This is the amount of money you can spend, but it may fully reflect the money you have at your disposal.
Why is my net balance negative?
A negative balance indicates that your bill was overpaid and that you may be eligible for a refund.
What is CMG in finance?
A CMG plan was a hybrid mortgage plan launched in the United States in the mid-2000s by CMG Financial. It uses a checking account to reduce the mortgage amount, allowing the borrower to pay less interest each month. The savings balance held in the account can be used to lower the principal of the mortgage balance.
What does CMG stand for in banking?
CMBS. commercial mortgage backed-security. CMG. Crisis Management Group.
What is the full name of CMG?
Collective Music Group (also known as CMG the Label, formerly known as Cocaine Muzik Group), is a record label founded by Yo Gotti.
