 Sam
Site Admin
Joined: 21 May 2005
Posts: 281
Location: CALIFORNIA
117.49 Dollars($)
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 Posted: Tue Jun 01, 2004 12:53 am Post subject: What are Credit Related Expenses? |
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Credit related expenses are the sum of lost property expenses plus the arrangement made for those losses.
For Example, Sam purchased a farm house for $500,000 in Scotland in the year 2001. He also took a loan of $100,000 in the same year from a bank. Two years later he unfortunately lost his property, so money invested in purchasing a house plus amount of loan taken i.e. $500,000 + $100,000 = $600,000 are the total credit related expenses of Sam. |
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