Glossary entry (derived from question below)
English term or phrase:
COD
English answer:
cancellation of debt
Added to glossary by
Patrice Da Lage
Jan 7 14:13
4 mos ago
75 viewers *
English term
COD
English
Law/Patents
Finance (general)
Mortgage
8 Kennyhill Square, Glasgow, XXX XXX (£70,500 less mortgage £56,250 less COD @ 3% £2.000)
Change log
Jan 7, 2024 16:05: Patrice Da Lage changed "Language pair" from "English" to "English to French"
Jan 7, 2024 16:14: Patrice Da Lage changed "Language pair" from "English to French" to "English"
Jan 9, 2024 06:18: Patrice Da Lage Created KOG entry
Responses
+1
37 mins
Selected
cancellation of debt
If this has to do with a debt cancellation procedure, there may be a 3% administrative fee attached to it.
Note from asker:
Thank you! |
Peer comment(s):
agree |
Paul O'Brien
2 mins
|
Thanks!
|
|
neutral |
philgoddard
: I think this is a long shot.
27 mins
|
neutral |
Yvonne Gallagher
: Guesswork. Client should be asked since no context given
2 days 2 hrs
|
4 KudoZ points awarded for this answer.
Comment: "Thank you."
39 mins
Cancellation of Debt
..
Note from asker:
Thank you! |
4 hrs
Certificate Of Deposit
Notice the "3%" in "COD @ 3%" (Certificate Of Deposit at 3%).
A Certificate Of Deposit has a fixed interest rate, so Certificate Of Deposit makes sense here.
A Certificate of Deposit (also known as a CD, COD, or Time Account) is a financial product that usually pays a fixed interest rate for a set period of time, ranging from a few months to several years.
https://www.cbbank.com/banking/checking-deposit-liquidity/ce...
A Certificate Of Deposit has a fixed interest rate, so Certificate Of Deposit makes sense here.
A Certificate of Deposit (also known as a CD, COD, or Time Account) is a financial product that usually pays a fixed interest rate for a set period of time, ranging from a few months to several years.
https://www.cbbank.com/banking/checking-deposit-liquidity/ce...
15 hrs
collect on delivery (COD)
cod => collect on delivery (COD)
What does collect on delivery means?
Cash on delivery, or collect on delivery (COD), is a method of collecting payment that requires customers to pay for goods at the time of delivery.Feb 24, 2022
What does collect on delivery means?
Cash on delivery, or collect on delivery (COD), is a method of collecting payment that requires customers to pay for goods at the time of delivery.Feb 24, 2022
Discussion
BTW "cancellation of debt" MUST be wrong.
Cancellation of debt is the forgiveness of debt obligations by a creditor
Debt relief can be achieved through direct negotiations, debt relief programs, or bankruptcy
Canceled debt is generally considered taxable income that must be reported, but there are many exceptions.
https://www.investopedia.com/terms/c/cancellation-of-debt.as...
I can hardly imagine that any debt guaranteed by a mortgage will ever be "cancelled" (forgiven) - it will go away by "being repaid".
And there has to be more context. If not, ask for some, we’re not mind readers. Nor does it help to slag off the people who have taken time to try to help.
I intentionally changed the address for a forged one.
I said there was not any more pertinent context to be disclosed.
"8 Kennyhill Square, Glasgow"
Nothing confidential about it whatsoever? You could as well have given the name of your client ... and anyone with time to spare can find ALL the context needed to figure out for sure what COD means.
Surely, very professional to give all the context needed for those who can be bothered to use all the clues available.
As a professional when I stipulate there is no more context to be shown it is probably because there is definitely not any.
If so, it's probably best to close the question and ask the customer instead - we can only guess.
Please help us out, Patrice - what is this about? What are the Xs - £12,250? What does it say before and after this?
If this is the calculation of someone's equity in their home, and it says "less", COD must be a liability - perhaps some kind of loan apart from the mortgage.