|
|
Payment date |
|
|
|
 Home Site Map Add Term Search About Us Contributors |
Payment dateThe date on which shareholders of record will be sent a check for the declared dividend.Payment date Similar MatchesPayment gatewayPayment gatewayA system of allowing real-time credit card authorization by connecting a website order form to the credit card processing system. Repayment mortgageRepayment mortgageA 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 penaltyPrepayment penaltyLenders can impose a penalty on a borrower who pays a loan off before its expected end date. Progress paymentsProgress paymentsPeriodic payments to a supplier, contractor, or subcontractor for work as it is completed as desired, in order to reduce working capital requirements. Repayment planRepayment planWhen a borrower falls behind in mortgage payments, many lenders will negotiate a repayment plan rather than go to court. Further SuggestionsClearing 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 |
|
|
|