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Payment floatCompany-written checks that have not yet cleared.Payment float Similar MatchesClearing house interbank payment systemClearing house interbank payment systemA computerised payment system for clearing cheques in New York. Receive versus paymentReceive versus paymentAn instruction that only cash will be accepted in exchange for delivery of securities. Balance of paymentsBalance of paymentsA 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. Clearing house automated payment systemClearing house automated payment systemA computerised payment system for clearing cheques in the UK. Payment of balancePayment of balanceThis 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 SuggestionsStandard payment calculationPrepayment 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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