TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Manuals
of of All Manuals
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Banking law recognizes 'rest' periods for compound interest calculations through periodic account settlements benefiting financial institutions.</h1> The term 'rest' in legal accounting refers to a pause in account calculations where the net balance between receipts and expenses is determined for interest computation purposes. In banking law, 'rest' enables compound interest calculation through periodic account settlements, typically half-yearly. This practice allows banks to secure compound interest benefits and represents a standard legitimate dealing method between banker and customer. The concept involves ascertaining balances at specific intervals to determine whether interest should be charged or credited based on the account's standing at those rest periods.
TaxTMI 
TaxTMI 
