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Payment floatCompany-written checks that have not yet cleared.Payment float Similar MatchesClearing House Automated Payments System (CHAPS)Clearing House Automated Payments System (CHAPS)A computerized clearing system for sterling funds that began operations in 1984. It includes 14 member banks, nearly 450 participating banks, and is one of the clearing companies within the structure of the Association for Payment Clearing Services (APACS). Late paymentLate paymentA payment a lender receives after the due date has passed. Graduated paymentGraduated paymentRepayment terms calling for gradual increases in the payments on a closed-end obligation. A graduated payment loan usually involves negative amortization. Installment paymentsInstallment paymentsDistribution of plan assets to beneficiaries based upon a regular schedule. Call paymentCall paymentA payment made by investors for new shares. The term would apply to payments made when a company first floats on the stock exchange and also when it has a rights issue. Call payments can be staged. For instance, if you subscribe to an offer on flotation, the terms may require you to pay in two instalments - the first at the time of your subscription and the second six months later. Issuing companies use this as a device to attract shareholders, and it was widely used when the UK government privatised its state-owned industries in the 1980s and 1990s. Further SuggestionsMethod of paymentPIK (Payment in kind) securities Periodic payment plan Payment Cap Early repayment period Break even payment rate FHA prepayment experience Standard payment calculation Single payment bond Discount payment Progress payments Payments pattern Balance of payments argument for protection Prepayment speed Mortgage payment protection insurance (MPPI) Immediate payment annuity Deficiency Payment Transfer payment Repayment vehicle Repayment plan Optional payment bond Lag response of prepayments maintenance payments Payment date repayment mortgage |
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