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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 MatchesBalance of payments equilibriumBalance of payments equilibriumMeaningful only under a pegged exchange rate, this referred to equality of credits and debits in the balance of payments using the traditional definition of the capital account. A surplus or deficit implied changing official reserves, so that something would ultimately have to change. Payment CapPayment CapA maximum amount for a payment under an Adjustable Mortgage Loan, regardless of the increase in the interest rate. If the payment is less than the interest alone, negative amortization is created. Prepayment penaltyPrepayment penaltyLenders can impose a penalty on a borrower who pays a loan off before its expected end date. Facilitating paymentFacilitating paymentAs permitted under the U.S. Foreign Currupt Practices Act, a facilitating payment is a payment for "routine governmental action," such as obtaining permits, processing papers, providing normal government services, etc. It is, in fact, a bribe, but a small one that does not induce any illegal or exceptional behavior. Payments patternPayments patternDescribes the collection pattern of receivables. The pattern might describe the probability that a 72-day-old account will still be unpaid when it is 73 days-old. Further SuggestionsPeriodic payment planZero prepayment assumption Payments netting Skip payment privilege repayment mortgage periodic payment plan Periodic payments Lag response of prepayments balance of payments Clearing House Automated Payments System (CHAPS) Annualised payment scheme Deficiency Payment Immediate payment annuity Balance of payments surplus clearing house interbank payment system FHA prepayment experience Repayment term Method of payment Early repayment period prepayment fee Balance of payments Clearing House Interbank Payments System (CHIPS) Payment float Payments imbalance Payment holiday |
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