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Periodic payments |
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Periodic paymentsA series of payments from an annuity, qualified retirement plan, or 403(b)(7) account made over a certain term of years. A payment from an IRA, even if over a period of years, is not considered a periodic payment for tax purposes.Periodic payments Similar MatchesPeriodic call auctionPeriodic call auctionSelling stocks by bid at intervals throughout the day. Periodic purchase deferred contractPeriodic purchase deferred contractA fixed or variable annuity contract for which fixed-amount premiums are paid either monthly or quarterly, and that does not begin paying out until a time elected by the annuitant. Periodic payment planPeriodic payment planAccumulation of capital in a mutual fund by making regular payments on a monthly or quarterly basis. Periodic payment planPeriodic payment planA plan to build up capital in a fund by regular investments, typically on a monthly or quarterly basis. Periodic ratePeriodic rateThe monthly effective interest rate. For example, the periodic rate on a credit card with an 18% annual percentage rate is 1.5% per month. |
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