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 

• PAYER - the person or organization who is responsible for paying the amount stated on the face of a neg...
  
  
• PAYING AGENT - Also Fiscal Agent. Generally a bank that performs the function of paying interest and pr...
  
  
• PAYING AGENT (ALSO FISCAL AGENT) - Generally a bank that performs the function of paying interest and ...
  
  
• PAYMENT - that which is paid. The sum of money or other item(s) of value that is transferred from one p...
  
  
• PAYMENT ADJUSTMENT INTERVAL - The period between payment changes on an ARM, which may or may not be the...
  
  
• PAYMENT BOND - A type of insurance purchased by a builder that protects both the bank and the owner by ...
  
  
• PAYMENT CAP - Some Adjustable Rate Mortgages include payment caps that limit your monthly payment incre...
  
  
• PAYMENT CHANGE DATE - The date when a new monthly payment amount takes effect on an adjustable-rate mor...
  
  
• PAYMENT DATE - The date on which interest or principal and interest are payable on a municipal bond. Fi...
  
  
• PAYMENT DECREASE CAP - A contractual limit on the amount of each periodic payment may drop at any one p...