Payment date


 

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Payment date

The date on which shareholders of record will be sent a check for the declared dividend.



Payment date

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Payment gateway

Payment gateway

A system of allowing real-time credit card authorization by connecting a website order form to the credit card processing system.


Repayment mortgage

Repayment mortgage

A mortgage where throughout the term, regular payments (usually monthly) are made to partly repay interest on the capital and to partly repay the capital itself (the amount of the loan).Initially the largest proportion of the repayments will be used to pay interest since the capital amount outstanding is at its highest value. Therefore over the initial years the capital will not reduce very much. However as the years proceed more and more of the monthly repayments will be applied to reducing the capital until towards the end of the term the large proportion will be paying off capital and a small proportion paying interest.In the event that interest rates rise then often the monthly repayments will rise accordingly. Alternatively, to keep the same monthly repayments the term will need to be extended. If interest rates fall then the reverse applies. It is usually a requirement of the lender (that is, a building society or bank) providing the mortgage that the borrower takes out life assurance so that repayment is made in the event of his/her death during the term.


Prepayment penalty

Prepayment penalty

Lenders can impose a penalty on a borrower who pays a loan off before its expected end date.


Progress payments

Progress payments

Periodic payments to a supplier, contractor, or subcontractor for work as it is completed as desired, in order to reduce working capital requirements.


Repayment plan

Repayment plan

When a borrower falls behind in mortgage payments, many lenders will negotiate a repayment plan rather than go to court.


Further Suggestions

Clearing House Interbank Payments System (CHIPS)
Payment shock
Method of payment
Repayment period
clearing house interbank payment system
Balance of payments
periodic payment plan
Payment protection insurance
Discount payment
Balloon Payment
Payment of balance
Lag response of prepayments
Immediate payment annuity
Additional principal payment
Date of payment
Payment float
Balance of payments
Skip payment privilege
Interest payments
Late payment
Monthly repayment
Balance of payments surplus
Receive versus payment
Periodic payments
PIK (Payment in kind) securities


 
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