Loan - Revision history

Celarious at 07:52, 29 February 2024

2024-02-29T07:52:50Z

← Older revision		Revision as of 07:52, 29 February 2024
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	There is no interest rate and no penalty for not paying back a loan. The current account balance shown on the [[Gear]] (<code>F4</code>) window is however displayed in red while money is owed.		There is no interest rate and no penalty for not paying back a loan. The current account balance shown on the [[Gear]] (<code>F4</code>) window is however displayed in red while money is owed.

	Taking a loan can serve many uses, such as purchasing equipment, a company [[spacecraft]]~~, or even boosting [[technology]] research funds~~.		Taking a loan can serve many uses, such as purchasing equipment, bulk construction materials, or a company [[spacecraft]].

	==Credit limit==		==Credit limit==

Deantwo: /* Bank Money */ Reserve policies.

2017-02-26T00:24:44Z

Bank Money: Reserve policies.

← Older revision		Revision as of 00:24, 26 February 2017
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	Banks loan money from the citizen accounts of a [[city]]. This means that there is almost always money available to make a loan, since the citizen accounts are rarely ever empty.		Banks loan money from the citizen accounts of a [[city]]. This means that there is almost always money available to make a loan, since the citizen accounts are rarely ever empty.

	An amount is held in reserve, so the citizens don't go bankrupt.		===Reserve Policies===
			An amount is held in reserve, so the citizens don't go bankrupt. This mostly means that cities with very little money in the citizen accounts will refuse to give out a loan.

	reserved amount = (population x 1000) + 1000		reserved amount = (population x 1000) + 1000

Deantwo: Added a note on possible uses.

2017-01-06T07:11:14Z

Added a note on possible uses.

← Older revision		Revision as of 07:11, 6 January 2017
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	There is no interest rate and no penalty for not paying back a loan. The current account balance shown on the [[Gear]] (<code>F4</code>) window is however displayed in red while money is owed.		There is no interest rate and no penalty for not paying back a loan. The current account balance shown on the [[Gear]] (<code>F4</code>) window is however displayed in red while money is owed.

			Taking a loan can serve many uses, such as purchasing equipment, a company [[spacecraft]], or even boosting [[technology]] research funds.

	==Credit limit==		==Credit limit==

Deantwo: /* Bank Money */ Just added a little note.

2017-01-06T06:24:03Z

Bank Money: Just added a little note.

← Older revision		Revision as of 06:24, 6 January 2017
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	This means that with a reputation of 0, it is still possible to loan up to 50'000¢. But if the reputation is negative, it is not possible to make a loan at all.		This means that with a reputation of 0, it is still possible to loan up to 50'000¢. But if the reputation is negative, it is not possible to make a loan at all.

	==Bank Money ~~Limit~~==		==Bank Money==
	Banks loan money from the citizen accounts of a [[city]]. An amount is held in reserve, so the citizens don't go bankrupt.		Banks loan money from the citizen accounts of a [[city]]. This means that there is almost always money available to make a loan, since the citizen accounts are rarely ever empty.

			An amount is held in reserve, so the citizens don't go bankrupt.

	reserved amount = (population x 1000) + 1000		reserved amount = (population x 1000) + 1000

Deantwo: Still need more work.

2017-01-02T16:38:13Z

Still need more work.

← Older revision		Revision as of 16:38, 2 January 2017
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	~~Loans~~ is a way to borrow [[money]] from the ~~citizen~~ population. ~~There~~ is ~~no interest rate and no penalty for not paying it back~~.		A loan is a way to borrow [[money]] from the civilian population. An [[avatar]] can take a loan up to its credit limit, which is dependent on the avatar's [[reputation]].

	The current account balance shown on the [[Gear]] (F4) window is red ~~when~~ money is owed.		There is no interest rate and no penalty for not paying back a loan. The current account balance shown on the [[Gear]] (<code>F4</code>) window is however displayed in red while money is owed.

	==Credit limit==		==Credit limit==
	The credit limit for an [[avatar]] ~~is depend~~ on ~~his/her~~ [[reputation]].		The credit limit for an [[avatar]] dependent on its [[reputation]].

	The exact math is:		The exact math is:

	credit limit = (reputation + 0.5) * ~~100000~~		credit limit = (reputation + 0.5) * 100'000

	This means that with a reputation of 0, it is still possible to loan up to ~~50k¢~~. But if the reputation is negative, it is not possible to make a loan at all.		This means that with a reputation of 0, it is still possible to loan up to 50'000¢. But if the reputation is negative, it is not possible to make a loan at all.

	==Bank Money==		==Bank Money Limit==
	Banks loan money from the citizen accounts of a [[city]]. An amount is held in reserve, so the citizens don't go bankrupt.		Banks loan money from the citizen accounts of a [[city]]. An amount is held in reserve, so the citizens don't go bankrupt.

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	[[File:BankLoanPayment.png\|thumb\|right\|Paying off a loan is simple as this.]]		[[File:BankLoanPayment.png\|thumb\|right\|Paying off a loan is simple as this.]]

	A loan must be made at a [[bank]], and the [[city]]'s citizen accounts ~~most~~ hold enough [[money]].		A loan must be made at a [[bank]], and the [[city]]'s citizen accounts must hold enough [[money]].

	[[File:BankManagementUI.png\|thumb\|none\|The top part displays the current loan amount and has options to request a loan or pay off a loan.]]		[[File:BankManagementUI.png\|thumb\|none\|The top part displays the current loan amount and has options to request a loan or pay off a loan.]]

Deantwo: Changed reference to the Inventory window to Gear, but keeping other references as they aren't talking about the window it self.

2016-06-17T09:12:51Z

Changed reference to the Inventory window to Gear, but keeping other references as they aren't talking about the window it self.

← Older revision		Revision as of 09:12, 17 June 2016
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	Loans is a way to borrow [[money]] from the citizen population. There is no interest rate and no penalty for not paying it back.		Loans is a way to borrow [[money]] from the citizen population. There is no interest rate and no penalty for not paying it back.

	The current account balance shown on the [[~~Inventory~~]] (F4) window is red when money is owed.		The current account balance shown on the [[Gear]] (F4) window is red when money is owed.

	==Credit limit==		==Credit limit==

Deantwo: /* Taking a Loan */ Don't know what else to write.

2015-12-16T15:04:04Z

Taking a Loan: Don't know what else to write.

← Older revision		Revision as of 15:04, 16 December 2015
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	==Taking a Loan==		==Taking a Loan==
			[[File:BankLoanRequest.png\|thumb\|right\|Requesting a loan clearly states the credit limit.]]
			[[File:BankLoanPayment.png\|thumb\|right\|Paying off a loan is simple as this.]]

	A loan must be made at a [[bank]], and the [[city]]'s citizen accounts most hold enough [[money]].		A loan must be made at a [[bank]], and the [[city]]'s citizen accounts most hold enough [[money]].

Deantwo: Restructured a little.

2015-12-15T19:54:18Z

Restructured a little.

← Older revision		Revision as of 19:54, 15 December 2015
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	~~{{Revision\|Page feels a little empty, but is otherwise good.}}~~		Loans is a way to borrow [[money]] from the citizen population. There is no interest rate and no penalty for not paying it back.

	Loans is a way to borrow [[money]] from the population. ~~They have~~ no interest rate and ~~current have~~ no penalty for not ~~being paid off~~.

	The current account balance shown on the [[Inventory]] (F4) window is red when money is owed.		The current account balance shown on the [[Inventory]] (F4) window is red when money is owed.
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	This means that with a reputation of 0, it is still possible to loan up to 50k¢. But if the reputation is negative, it is not possible to make a loan at all.		This means that with a reputation of 0, it is still possible to loan up to 50k¢. But if the reputation is negative, it is not possible to make a loan at all.

	~~==Loaning==~~
	~~A loan must be made at a [[bank]], and the [[city]]'s citizen accounts most hold enough [[money]].~~

	==Bank Money==		==Bank Money==
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	They will loan whatever remains after that.		They will loan whatever remains after that.

			==Taking a Loan==
			A loan must be made at a [[bank]], and the [[city]]'s citizen accounts most hold enough [[money]].

			[[File:BankManagementUI.png\|thumb\|none\|The top part displays the current loan amount and has options to request a loan or pay off a loan.]]

	[[Category:Guides]]		[[Category:Guides]]
	[[Category:Science]]		[[Category:Science]]

Deantwo: Added revision tag.

2015-10-22T23:56:33Z

Added revision tag.

← Older revision		Revision as of 23:56, 22 October 2015
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			{{Revision\|Page feels a little empty, but is otherwise good.}}

	Loans is a way to borrow [[money]] from the population. They have no interest rate and current have no penalty for not being paid off.		Loans is a way to borrow [[money]] from the population. They have no interest rate and current have no penalty for not being paid off.

Deantwo: /* Bank Money */ Minor change.

2015-10-22T23:53:04Z

Bank Money: Minor change.

← Older revision		Revision as of 23:53, 22 October 2015
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	Banks loan money from the citizen accounts of a [[city]]. An amount is held in reserve, so the citizens don't go bankrupt.		Banks loan money from the citizen accounts of a [[city]]. An amount is held in reserve, so the citizens don't go bankrupt.

	amount = (population x 1000) + 1000		reserved amount = (population x 1000) + 1000

	They will loan whatever remains after that.		They will loan whatever remains after that.