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Code Snippet - Money

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  • Kornfeld Eliyahu PeterK Kornfeld Eliyahu Peter

    It is technically impossible to transfer a debt...There are good sides of the bank system too...

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    B Offline
    Bergholt Stuttley Johnson
    wrote on last edited by
    #11

    how is it impossible, it is after all just a number (however negative) and as I have had a negative balance transferred between banks I would have to disagree

    Kornfeld Eliyahu PeterK 1 Reply Last reply
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    • Kornfeld Eliyahu PeterK Kornfeld Eliyahu Peter

      It is technically impossible to transfer a debt...There are good sides of the bank system too...

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      peterchen
      wrote on last edited by
      #12

      Technically right, but there's a $50,000 fee for that :rolleyes:

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      • B Bergholt Stuttley Johnson

        how is it impossible, it is after all just a number (however negative) and as I have had a negative balance transferred between banks I would have to disagree

        Kornfeld Eliyahu PeterK Offline
        Kornfeld Eliyahu PeterK Offline
        Kornfeld Eliyahu Peter
        wrote on last edited by
        #13

        I'm working (from the code side) with bank transfers and the APIs I know of do not accept negative numbers...You are always pass in positive numbers, only the direction may change...

        "It never ceases to amaze me that a spacecraft launched in 1977 can be fixed remotely from Earth." ― Brian Cox

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        • Kornfeld Eliyahu PeterK Kornfeld Eliyahu Peter

          It is technically impossible to transfer a debt...There are good sides of the bank system too...

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          Nagy Vilmos
          wrote on last edited by
          #14

          Not true in the least, if the creditor is in agreement, then it is very straight forward to transfer a liability. In the case of a creditor being unwilling to allow a third party to take on the debt there are still ways around it.

          Kornfeld Eliyahu PeterK 1 Reply Last reply
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          • N Nagy Vilmos

            Not true in the least, if the creditor is in agreement, then it is very straight forward to transfer a liability. In the case of a creditor being unwilling to allow a third party to take on the debt there are still ways around it.

            Kornfeld Eliyahu PeterK Offline
            Kornfeld Eliyahu PeterK Offline
            Kornfeld Eliyahu Peter
            wrote on last edited by
            #15

            This is kind of thing I never met while working online - my work involves payments of students to school, school to student/teacher...You probably are talking about some more complicated business actions...

            "It never ceases to amaze me that a spacecraft launched in 1977 can be fixed remotely from Earth." ― Brian Cox

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            • D devenv exe

              If you had to write a C# code snippet that shows/explains how money is useless, what would it be?

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              J Offline
              Joan M
              wrote on last edited by
              #16

              No programming questions in the lounge!!! no homework!!! ... erm... ok... :laugh: After the first shock, I think something like:

              class Program
              {
              static void Main(string[] args)
              {
              Console.WriteLine("42");
              }
              }

              would do it... :rolleyes: PS: Never before I've written something in C#...

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              • Kornfeld Eliyahu PeterK Kornfeld Eliyahu Peter

                I'm working (from the code side) with bank transfers and the APIs I know of do not accept negative numbers...You are always pass in positive numbers, only the direction may change...

                B Offline
                B Offline
                Bergholt Stuttley Johnson
                wrote on last edited by
                #17

                then it has changed as I used to work in finance and it used to accept negatives. however I guess you could do it with a zero balance and then a withdrawal

                Kornfeld Eliyahu PeterK 1 Reply Last reply
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                • B Bergholt Stuttley Johnson

                  then it has changed as I used to work in finance and it used to accept negatives. however I guess you could do it with a zero balance and then a withdrawal

                  Kornfeld Eliyahu PeterK Offline
                  Kornfeld Eliyahu PeterK Offline
                  Kornfeld Eliyahu Peter
                  wrote on last edited by
                  #18

                  I understand from Nagy that there still options of negative - I just weren't in that part of the town :-D

                  "It never ceases to amaze me that a spacecraft launched in 1977 can be fixed remotely from Earth." ― Brian Cox

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                  • Kornfeld Eliyahu PeterK Kornfeld Eliyahu Peter

                    This is kind of thing I never met while working online - my work involves payments of students to school, school to student/teacher...You probably are talking about some more complicated business actions...

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                    Nagy Vilmos
                    wrote on last edited by
                    #19

                    Not at all, even with simple retail banking you can have someone take on your debts. It is quite common in finance [and sneekily expensive] to consolidate all your debts. The new lender becomes the debtor for the original debt and takes on all the liabilities therein, you then get a liability to them. In a much simpler scenario, kid goes FUBAR with the credit card and Dad steps in, again, and takes on the liability by paying it. In this scenario, there is no legal transfer of liability because the original debt has been cleared, however Dad may well hold a nominal liability to the child as in "Dad, can I get a new phone?", "Straight after you pay me the £5k you cost me!" :-D

                    Kornfeld Eliyahu PeterK 1 Reply Last reply
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                    • N Nagy Vilmos

                      Not at all, even with simple retail banking you can have someone take on your debts. It is quite common in finance [and sneekily expensive] to consolidate all your debts. The new lender becomes the debtor for the original debt and takes on all the liabilities therein, you then get a liability to them. In a much simpler scenario, kid goes FUBAR with the credit card and Dad steps in, again, and takes on the liability by paying it. In this scenario, there is no legal transfer of liability because the original debt has been cleared, however Dad may well hold a nominal liability to the child as in "Dad, can I get a new phone?", "Straight after you pay me the £5k you cost me!" :-D

                      Kornfeld Eliyahu PeterK Offline
                      Kornfeld Eliyahu PeterK Offline
                      Kornfeld Eliyahu Peter
                      wrote on last edited by
                      #20

                      You are taking about something else...It isn't transferring an amount of money with a negative sign, but take over the responsibility of a debt - I wasn't talking of such complicated thing, I merely asked devenv.exe to pass the money to me - he does not understand it anyway... :-D

                      "It never ceases to amaze me that a spacecraft launched in 1977 can be fixed remotely from Earth." ― Brian Cox

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                      • Kornfeld Eliyahu PeterK Kornfeld Eliyahu Peter

                        You are taking about something else...It isn't transferring an amount of money with a negative sign, but take over the responsibility of a debt - I wasn't talking of such complicated thing, I merely asked devenv.exe to pass the money to me - he does not understand it anyway... :-D

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                        Nagy Vilmos
                        wrote on last edited by
                        #21

                        Every transaction is transfer of liability. The money in your bank account is a debt [the bank owes you], so when you pay in money, you are giving them a debt [negative value] :)

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                        • Kornfeld Eliyahu PeterK Kornfeld Eliyahu Peter

                          I understand from Nagy that there still options of negative - I just weren't in that part of the town :-D

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                          Bergholt Stuttley Johnson
                          wrote on last edited by
                          #22

                          think of this way, if I owe £1 billion but pay off the interest on time then this is a big earner for the financial institution, so big that others will try and get me to move to them, this is why if I owe billions I can get a better interest rate than if I only owe a few 100

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                          • Kornfeld Eliyahu PeterK Kornfeld Eliyahu Peter

                            It is technically impossible to transfer a debt...There are good sides of the bank system too...

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                            Pete OHanlon
                            wrote on last edited by
                            #23

                            Err no it isn't. This is how debt collection companies work in a lot of cases.

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                            • J Joan M

                              No programming questions in the lounge!!! no homework!!! ... erm... ok... :laugh: After the first shock, I think something like:

                              class Program
                              {
                              static void Main(string[] args)
                              {
                              Console.WriteLine("42");
                              }
                              }

                              would do it... :rolleyes: PS: Never before I've written something in C#...

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                              S Offline
                              Super Lloyd
                              wrote on last edited by
                              #24

                              Hey, Now you are a C# developer too! Welcome to the club, and well done! :)

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                              • D devenv exe

                                If you had to write a C# code snippet that shows/explains how money is useless, what would it be?

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                                A Offline
                                Amarnath S
                                wrote on last edited by
                                #25

                                devenv.exe wrote:

                                C# code snippet that shows/explains how money is useless

                                System.Console.WriteLine("how money is useless");

                                1 Reply Last reply
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                                • S Super Lloyd

                                  Hey, Now you are a C# developer too! Welcome to the club, and well done! :)

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                                  J Offline
                                  Joan M
                                  wrote on last edited by
                                  #26

                                  Thank you! I'll try to opt for a :bob: MVP and to win any of the contests here... I firmly believe this code will open me doors... Just in case, can I give any possible employer your reference? :rolleyes:

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                                  • D devenv exe

                                    If you had to write a C# code snippet that shows/explains how money is useless, what would it be?

                                    D Offline
                                    D Offline
                                    Duncan Edwards Jones
                                    wrote on last edited by
                                    #27

                                    devenv.exe wrote:

                                    If you had to write a C# code snippet that shows/explains how money is useless, what would it be?

                                    Open source :)

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                                    • A Agent__007

                                      Before starting off with the code, I would first understand the requirement - "How exactly is money useless?" ;)

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                                      Mark_Wallace
                                      wrote on last edited by
                                      #28

                                      Ah, Glasshopper, so you are Amelican...

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                                      • M Mark_Wallace

                                        Ah, Glasshopper, so you are Amelican...

                                        A Offline
                                        A Offline
                                        Agent__007
                                        wrote on last edited by
                                        #29

                                        Mark_Wallace wrote:

                                        Ah, Glasshopper, so you are Amelican...

                                        Sorry, I didn't follow.

                                        M 1 Reply Last reply
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                                        • A Agent__007

                                          Mark_Wallace wrote:

                                          Ah, Glasshopper, so you are Amelican...

                                          Sorry, I didn't follow.

                                          M Offline
                                          M Offline
                                          Mark_Wallace
                                          wrote on last edited by
                                          #30

                                          Well, most of the rest of the world is capable of seeing the uselessness of money.

                                          L 1 Reply Last reply
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