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Payment holiday |
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Payment holidayA short break from regular mortgage repayments, sometimes offered with flexible mortgages. This can sometimes be a useful feature for self-employed people or others with irregular income.Payment holiday Similar MatchesGraduated paymentGraduated paymentRepayment terms calling for gradual increases in the payments on a closed-end obligation. A graduated payment loan usually involves negative amortization. Payments patternPayments patternDescribes the collection pattern of receivables. The pattern might describe the probability that a 72-day-old account will still be unpaid when it is 73 days-old. Balance of payments equilibriumBalance of payments equilibriumMeaningful only under a pegged exchange rate, this referred to equality of credits and debits in the balance of payments using the traditional definition of the capital account. A surplus or deficit implied changing official reserves, so that something would ultimately have to change. Immediate payment annuityImmediate payment annuityAn annuity contract paid by a single payment and with a specified payment plan the starts immediately after the contract is purchased. Maintenance paymentsMaintenance paymentsMoney paid by a divorced person to his/her partner to assist with living expenses. From the taxation point of view, maintenance may be enforceable following a court order, or voluntary. Where maintenance is enforceable the recipient will, under certain circumstances, be liable for tax, depending on when the order was made and the amount paid. The person making the payments can claim limited tax relief. For voluntary payments, the recipient is not liable for tax and the person making the payments cannot claim tax relief. Further Suggestionstransfer paymentsPrepayment speed Optional payment bond Interest payments Payments imbalance Standard payment calculation Payments netting Prepayment penalty Balloon Payment Prepayment penalty Balance of payments Transfer payments Repayment mortgage prepayment fee European Payments Union Deficiency Payment Overpayment Payment shock Payment in kind (PIK) bond Payment date Repayment term Installment payments PIK (Payment in kind) securities Balance of payments surplus Documents against payment |
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