Payment float


 

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Payment float

Company-written checks that have not yet cleared.



Payment float

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Clearing house interbank payment system

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A statistical compilation formulated by a sovereign nation of all economic transactions between residents of that nation and residents of all other nations during a stipulated period of time, usually a calendar year.


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Payment of balance

Payment of balance

This usually takes place between a week and a month after exchanging contracts. It is possible to have a simultaneous exchange and completion if you are in a real hurry to get moving. When you complete the sale, your solicitor forwards the remaining balance of the purchase price to the seller's solicitor. You then have the right to take occupancy of the property and are free to move in.


Further Suggestions

Standard payment calculation
Prepayment speed
graduated payment mortgage
Skip payment privilege
periodic payment plan
Balance of payments adjustment mechanism
Interest payments
maintenance payments
Lag response of prepayments
Installment payments
Single payment bond
Clearing House Interbank Payments System (CHIPS)
Zero prepayment assumption
Balloon Payment
Early repayment period
Additional principal payment
Repayment mortgage
Payment gateway
Repayment plan
payment card
repayment mortgage
Deferred payment annuity
European Payments Union
Payment in kind (PIK) bond
Payments pattern


 
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