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 DUE DATE - Contract language specifying when payments are due on money borrowed. The due date i...
  
  
• PAYMENT FINALITY - the Federal Reserve guarantee of funds received
  
  
• PAYMENT FLOAT - the delay between the receipt of an invoice and when payment is deducted from the custo...
  
  
• PAYMENT GUARANTY - A guaranty in which the signer is guarantying payment of the obligation upon the bor...
  
  
• PAYMENT HOLIDAY - A period during which the borrower makes no mortgage payments. Normally only availabl...
  
  
• PAYMENT IN KIND - Refers to securities that make payments in more securities of the same kind. For exam...
  
  
• PAYMENT INCREASE CAP - A contractual limit on the amount of each periodic payment may rise at any one p...
  
  
• PAYMENT INTANGIBLE - A general intangible under which a debtor’s principal obligation is a monetary obl...
  
  
• PAYMENT METHOD - Procedure by which the transfer of a currency is executed from one person to another. ...
  
  
• PAYMENT ON ACCOUNT - see ON ACCOUNT.