|
|
Stop payment |
|
|
|
 Home Site Map Add Term Search About Us Contributors |
Stop paymentAn order given a depository institution not to pay out cash for a check; often used when the check has been stolen or lost.Stop payment Similar MatchesPayment shockPayment shockPayment shocks are when the discount period ends and the monthly repayments jump by a large amount to match the Standard Variable Rate. You must be sure that you can budget for this in your monthly expenses. Deferred payment annuityDeferred payment annuityAn annuity that stipulates payments be made to the annuitant at a later date, such as when the annuitant reaches a certain age. Additional principal paymentAdditional principal paymentExtra money included in the monthly payment to help reduce the principal and shorten the term of the loan. Payment protection insurancePayment protection insuranceA type of insurance that pays your loan for you if you become unable to work for an extended period of time, as a result of redundancy, accident, sickness or disability. Most non-mortgage PPI products are taken out for a length of time that corresponds to the life of the loan it is protecting. Standard payment calculationStandard payment calculationA calculation that is used to determine the monthly payment necessary to repay the balance of a home loan in equal installments. Further Suggestionsperiodic payment planAnnualised payment scheme Balloon Payment Prepayment penalty Periodic payments Balance of payments equilibrium Progress payments clearing house automated payment system prepayment fee Early repayment period transfer payments Single payment bond Payment float Clearing House Interbank Payments System (CHIPS) Discount payment balance of payments Balance of payments argument for protection Payments netting Break even payment rate graduated payment mortgage call payment Method of payment Payment gateway Facilitating payment Balance of payments deficit |
|
|
|