date payment due
21Balloon Payment — An oversized payment due at the end of a mortgage, commercial loan or other amortized loan. Because the entire loan amount is not amortized over the life of the loan, the remaining balance is due as a final repayment to the lender. Balloon… …
22international payment and exchange — ▪ economics Introduction international exchange also called foreign exchange respectively, any payment made by one country to another and the market in which national currencies are bought and sold by those who require them for such… …
23Past Due — A loan payment that has not been made as of its due date. A borrower who is past due may be subject to late fees, unless the borrower is still within a grace period. Failure to repay a loan on time could have negative implications for the… …
24record date — The date set to determine the owner entitled to the next dividend, interest, or principal payment. The payment is due to the owner who owned the security on the record date. American Banker Glossary (1) Date by which a shareholder must officially …
25maturity date — The date a financial instrument s contractual term expires. The date on which the principal or last principal payment on a debt is due and payable. For mortgage related securities, see final distribution date and final maturity. American Banker… …
26earnest payment — index pledge (security) Burton s Legal Thesaurus. William C. Burton. 2006 earnest payment …
27Maturity date — is a finance term referring to the date when a principal amount of a note, draft, acceptance bond, or other debt instrument becomes due or payable. It is also a termination or due date on which an installment loan must be paid in full. For… …
28past due — ˌpast ˈdue adverb ACCOUNTING past the time when a debt or payment should have been paid: • Nationwide, companies paid their bills an average of nine days past due. * * * past due UK US adjective ACCOUNTING ► past the date on which a payment… …
29Escrow 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… …
30Balloon payment — The phrase balloon payment or bullet payment refers to one of two ways for repaying a loan; the other type is called amortizing payment or Amortization (business) .With a balloon loan , a balloon payment is paid back when the loan comes to its… …
