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TBBroadband

join:2012-10-26
Fremont, OH
Reviews:
·AT&T U-Verse
·MegaPath
reply to rody_44

Re: Why do they want my social security number?

You can try and spin that a deposit means prepaid all you want. But that is not a deposit. You do not understand the word deposit and prepayment or paid upfront.

If it was paid UP FRONT then it would NOT be a deposit. In fact they would tell you that it was paid up front. A deposit means you're putting money into THEIR ACCOUNT which becomes their's if you default on your bill and or not returning equipment. If you are paid in full and leave you would get that back. That is a deposit.

And yes cable has always been one month in advance expect for PPV/on-demand services.

And yes it is different. You are again, claiming that deposit is a prepayment when in fact it is not.



ROCINANTE
Original Member 007
Premium
join:1999-06-29
Hartsdale, NY

said by TBBroadband:

You can try and spin that a deposit means prepaid all you want. But that is not a deposit. You do not understand the word deposit and prepayment or paid upfront.

If it was paid UP FRONT then it would NOT be a deposit. In fact they would tell you that it was paid up front. A deposit means you're putting money into THEIR ACCOUNT which becomes their's if you default on your bill and or not returning equipment. If you are paid in full and leave you would get that back. That is a deposit.

And yes cable has always been one month in advance expect for PPV/on-demand services.

And yes it is different. You are again, claiming that deposit is a prepayment when in fact it is not.

Correct. From an accounting perspective, the deposit does go into the company's cash flow for its own use, but it is not considered income (a prepayment) for which the company has to pay taxes. In other words, the company owes this money back to the customer.
--
CRUNCH THIS!

rody_44
Premium
join:2004-02-20
Quakertown, PA

Comcast bills a month in advance you are always billed for the next months service not for the last.