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Payment cardA plastic card, either charge card, credit card or debit card used by the owner to purchase goods or services or to obtain cash.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. Payment in kind (PIK) bondPayment in kind (PIK) bondA bond that gives the issuer an option (during an initial period) either to make coupon payments in cash or in the form of additional bonds. Break even payment rateBreak even payment rateThe prepayment rate of an MBS coupon that will produce the same cash flow yield (CFY) as that of a predetermined benchmark MBS coupon. Used to identify for coupons higher than the benchmark coupon the prepayment rate that will produce the same cash flow yield (CFY) as that of the benchmark coupon; and for coupons lower than the benchmark coupon the lowest prepayment rate that will do so. Payment floatPayment floatCompany-written checks that have not yet cleared. Skip payment privilegeSkip payment privilegeA mortgage contract clause giving borrowers the right to skip payments if they are ahead of schedule. Further SuggestionsPayment gatewayBalance of payments argument for protection Clearing House Automated Payments System (CHAPS) Prepayment penalty Prepayment speed Payment protection insurance Break even lease payment Standard payment calculation Periodic payment plan Repayment plan Date of payment clearing house automated payment system Additional principal payment Balloon payment clearing house interbank payment system Payment shock Facilitating payment Payment default Immediate payment annuity FHA prepayment experience Progress payments Balance of payments deficit balance of payments Periodic payments PIK (Payment in kind) securities |
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