(a) balance of payment
21Credit card balance transfer — A credit card balance transfer is the transfer of the balance (the money) in a credit card account to an account held at another credit card company.[1] Contents 1 Overview 1.1 Normal rate …
22Escrow payment — is the common term referring to the portion of a mortgage payment that is designated to pay for real property taxes and hazard insurance. It is an amount over and above the principal and interest portion of a mortgage payment. Since the escrow… …
23Credit Card Balance — The amount of charges, or lack thereof, owed to the credit card company. A new credit card balance can take up to 24 hours to update, once a payment has been made, depending on the credit card company and method of payment involved. The balance… …
24Down payment — (or downpayment) is a payment used in the context of the purchase of expensive items such as a car and a house, whereby the payment is the initial upfront portion of the total amount due and it is usually given in cash at the time of finalizing… …
25Cash balance plan — A cash balance plan is a defined benefit retirement plan that maintains hypothetical individual employee accounts like a defined contribution plan. The hypotheticality of the individual accounts was crucial in the early adoption of such plans… …
26Balloon payment mortgage — A balloon payment mortgage is a mortgage which does not fully amortize over the term of the note, thus leaving a balance due at maturity.Wiedemer, John P, Real Estate Finance, 8th Edition , p 109 110] The final payment is called a balloon payment …
27Contactless payment — systems are credit cards and debit cards, key fobs, smartcards or other devices which use RFID for making secure payments. The embedded chip and antenna enable consumers to wave their card or fob over a reader at the point of sale. Some suppliers …
28Controlled payment number — A controlled payment number (also called a substitute credit card number, a one time use credit card , or a virtual credit card number ) is an alias for one s credit card number. It is generated through the use of either a web application or a… …
29down payment — noun a partial payment made at the time of purchase; the balance to be paid later • Syn: ↑deposit • Hypernyms: ↑payment • Hyponyms: ↑margin, ↑security deposit * * * noun, pl ⋯ ments [count] …
30Book Balance — Funds on deposit prior to any adjustment for check clearing, float funds or reserve requirements. The book balance is the term banks use to describe the amount of money available before any adjustments have been made for deposits in transit,… …
