Glossary entry (derived from question below)
Arabic term or phrase:
فوائد هامشية
English translation:
Interest in Suspense/Suspense Interest Account
Added to glossary by
Hassan Al-Haifi (wordforword)
Oct 28, 2008 03:42
15 yrs ago
9 viewers *
Arabic term
فوائد هامشية
Arabic to English
Bus/Financial
Business/Commerce (general)
البنوك
عندما يتم تصنيف الدين لايتم احتساب الفوائد على العميل بل يتم احتسابها فى حساب مستق يسمى حساب الفوائد الهامشية
Proposed translations
(English)
5 | Interest in Suspense/Suspense Interest Account | Hassan Al-Haifi (wordforword) |
4 +2 | marginal interest | ahmadwadan.com |
4 +1 | marginal benefit | Mohamed Samy Ahmed |
5 | Fringe benefits | Sajjad Hamadani |
Change log
Oct 28, 2008 07:37: Nesrin changed "Term asked" from "فوائد عامشية" to "فوائد هامشية"
Nov 1, 2008 04:50: Hassan Al-Haifi (wordforword) Created KOG entry
Proposed translations
1 day 19 hrs
Selected
Interest in Suspense/Suspense Interest Account
This is usually a side account that is not reflected in the balance sheet/ income statement. If the interest is eventually collected it may be posted as other income along with the collected principal, since the interest and principal may have already been classified as a loss and written off.
From the link below (and there are many more if one likes):
"Suspension of Interest on Non-Performing Loans
All interest accrued (but uncollected) from the date an account is classified as non-performing shall forthwith be suspended and credited to the "Interest in Suspense" account. This interest shall only be recognized as income as and when it is collected in cash by the financial institution"
From the link below (and there are many more if one likes):
"Suspension of Interest on Non-Performing Loans
All interest accrued (but uncollected) from the date an account is classified as non-performing shall forthwith be suspended and credited to the "Interest in Suspense" account. This interest shall only be recognized as income as and when it is collected in cash by the financial institution"
4 KudoZ points awarded for this answer.
Comment: "شكرا جدا جدا وتسلم ايدك والله يبارك لك فى علملك"
+1
13 mins
Arabic term (edited):
فوائد عامشية
marginal benefit
marginal benefit account
+2
2 hrs
Arabic term (edited):
فوائد عامشية
marginal interest
HTH
2 days 13 hrs
Fringe benefits
http://law.ato.gov.au/atolaw/view.htm?dbwidetocone=06:EXT:Ex...
Chapter 1 Fringe Benefits tax - Benchmark interest rate
Summary of amendments
Purpose of the amendments
1.2 Paragraph (a) of the definition of "benchmark interest rate" contained in subsection 136(1) of the FBTAA will be amended so that the value of a loan fringe benefit will be a more accurate reflection of the value of the benefit to the employee. In particular, "capped" interest rates will no longer be able to be used to determine the "benchmark interest rate" [Clause 4].
Chapter 1 Fringe Benefits tax - Benchmark interest rate
Summary of amendments
Purpose of the amendments
1.2 Paragraph (a) of the definition of "benchmark interest rate" contained in subsection 136(1) of the FBTAA will be amended so that the value of a loan fringe benefit will be a more accurate reflection of the value of the benefit to the employee. In particular, "capped" interest rates will no longer be able to be used to determine the "benchmark interest rate" [Clause 4].
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