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Late payment |
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Late paymentA payment a lender receives after the due date has passed.Late payment Similar MatchesMaintenance paymentsMaintenance paymentsMoney paid by a divorced person to his/her partner to assist with living expenses. From the taxation point of view, maintenance may be enforceable following a court order, or voluntary. Where maintenance is enforceable the recipient will, under certain circumstances, be liable for tax, depending on when the order was made and the amount paid. The person making the payments can claim limited tax relief. For voluntary payments, the recipient is not liable for tax and the person making the payments cannot claim tax relief. Balance of payments surplusBalance of payments surplusA number summarizing the state of a country's international transactions, usually equal to the balance on current account plus the balance on capital account. This equals zero* and is uninformative under the modern definition of the latter, but with official reserve transactions excluded, or omitting also other volatile short-term capital-account transactions, it indicates the stress on a regime of pegged exchange rates. Periodic paymentsPeriodic paymentsA series of payments from an annuity, qualified retirement plan, or 403(b)(7) account made over a certain term of years. A payment from an IRA, even if over a period of years, is not considered a periodic payment for tax purposes. Deferred payment annuityDeferred payment annuityAn annuity that stipulates payments be made to the annuitant at a later date, such as when the annuitant reaches a certain age. Balance of payments adjustment mechanismBalance of payments adjustment mechanismAny process, especially any automatic one, by which a country with a payments imbalance moves toward balance of payments equilibrium. Under the gold standard, this was the specie flow mechanism. Further SuggestionsRepayment vehiclePayment Cap FHA prepayment experience Payment default Repayment period Interest payments Periodic payment plan Graduated payment Zero prepayment assumption Installment payments Balloon payment Graduated Payment Mortgage payment card Stop payment graduated payment mortgage Balloon Payment Micropayment Repayment mortgage Standard payment calculation Lag response of prepayments Deficiency Payment Date of payment Break even payment rate Prepayment speed Payment float |
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