Business and Personal Finance Dictionary

# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z 

• PAYMENT-IN-KIND (PIK) BOND - A bond that gives the issuer an option (during an initial period) either t...
  
  
• PAYMENTS NETTING - Reducing fund transfers between affiliates to only a netted amount. Netting can occu...
  
  
• PAYMENTS PATTERN - Describes the collection pattern of receivables. The pattern might describe the prob...
  
  
• PAYMENTS SYSTEM - Collective term for mechanisms (both paper-backed and electronic) for moving funds, p...
  
  
• PAYMENTS SYSTEMS DISRUPTIONS - A type of systemic liquidity risk. The risk of funding problems arising ...
  
  
• PAYOFF - the complete repayment of loan principal, interest and any other sums due; payoff occurs eithe...
  
  
• PAYOFF DIAGRAM - In option pricing, a graph of the value of the option position at expiration as a func...
  
  
• PAYOFF FIGURE - Information released to the borrower or to his/her representative giving the unpaid pri...
  
  
• PAYOFF FIGURES - The unpaid principal balance and escrow amounts to be used for payment in full of the ...
  
  
• PAYOFF MONTH - The month in which the loan balance is paid down to zero. It may or may not be the term.