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Call payment |
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Call paymentA payment made by investors for new shares. The term would apply to payments made when a company first floats on the stock exchange and also when it has a rights issue. Call payments can be staged. For instance, if you subscribe to an offer on flotation, the terms may require you to pay in two instalments - the first at the time of your subscription and the second six months later. Issuing companies use this as a device to attract shareholders, and it was widely used when the UK government privatised its state-owned industries in the 1980s and 1990s.Similar MatchesAdditional principal paymentAdditional principal paymentExtra money included in the monthly payment to help reduce the principal and shorten the term of the loan. Clearing House Automated Payments System (CHAPS)Clearing House Automated Payments System (CHAPS)A computerized clearing system for sterling funds that began operations in 1984. It includes 14 member banks, nearly 450 participating banks, and is one of the clearing companies within the structure of the Association for Payment Clearing Services (APACS). Clearing house interbank payment systemClearing house interbank payment systemA computerised payment system for clearing cheques in New York. Payment shockPayment shockPayment shocks are when the discount period ends and the monthly repayments jump by a large amount to match the Standard Variable Rate. You must be sure that you can budget for this in your monthly expenses. Payment holidayPayment holidayA short break from regular mortgage repayments, sometimes offered with flexible mortgages. This can sometimes be a useful feature for self-employed people or others with irregular income. Further SuggestionsLag response of prepaymentsPayments netting Graduated Payment Mortgage Receive versus payment Discount payment Payments imbalance Micropayment Transfer payment Late payment Prepayment penalty Overpayment Repayment vehicle Balance of payments deficit Deficiency Payment Balance of payments surplus payment card Progress payments Zero prepayment assumption repayment mortgage transfer payments Balloon Payment Monthly repayment Repayment plan Installment payments PIK (Payment in kind) securities |
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