Quote:
|
Originally Posted by jerrypitts
You caught the point. What are 'unearned coupons'? I cannot find a definition anywhere for such a critter. What do you suppose it may suggest?
I also see where the 'home-owner' can have his/her account adjusted decreased by the amount of the 'Note'.
what gives there?
Jerry.
|
Well, according to my reformat above, `un-earned coupons' are associated with "notes, debentures and bonds issued by a bank"
So determine the meaning of those three: notes, afaik, are negotiable instruments;
I dont have a clear understanding of bonds nor or debentures.