Stop payment


 

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Stop payment

An 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 Matches

Graduated payment mortgage

Graduated payment mortgage

A mortgage scheme in which monthly payments commence at a lower level and increase over a period of a few years to a higher level which is subsequently maintained.


Annualised payment scheme

Annualised payment scheme

Although the borrower pays interest at a variable rate, which can change from month to month, the lender charges a set amount of interest each month and then adjusts the balance at the end of the year.


Immediate payment annuity

Immediate payment annuity

An annuity contract paid by a single payment and with a specified payment plan the starts immediately after the contract is purchased.


Repayment period

Repayment period

The period over which the borrower must repay the lender. 


Overpayment

Overpayment

The difference between your regular monthly repayment and a higher amount that you choose to pay.


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