payment(s) received
21Counter-cyclical payment — (CCP) Under the Direct and Counter cyclical Program (DCP) created by the 2002 farm bill (P.L. 101 171, Sec. 1101 1108), counter cyclical payments are made to participating producers when the marketing year average price received by farmers for a… …
22Deferred Payment Annuity — An annuity where the payments received will start some time in the future, as opposed to starting when the annuity is initiated. An annuity is a financial contract that allows the buyer to make a lump sum payment, or a series of payments, in… …
23Lump-Sum Payment — A one time payment for the total or partial value of an asset. A lump sum payment is usually taken in lieu of recurring payments that would otherwise be received over a period of time. The value of a lump sum payment is generally less than the… …
24interim payment — ➔ payment * * * interim payment UK US noun [C] ► an amount of money that is paid before the total amount of money owed is decided: »Workers injured in the fire have not received any compensation other than the interim payments of £10,000 each… …
25non-payment — N UNCOUNT: usu N of n Non payment is a failure to pay a sum of money that you owe. She has received an eviction order from the council for non payment of rent. Ant: payment (in AM usually use, and in BRIT sometimes use nonpayment) …
26Bill (payment) — A bill is a document demanding payment for an order previously supplied. Presentation of a bill is common practice on the part of restaurants, credit card companies, utilities, and other service providers. The bill for something is the total… …
27transfer payment — 1. any payment made by a government for a purpose other than that of purchasing goods or services, as for welfare benefits. 2. any money received that is neither a payment for goods or services nor investment income. [1940 45] * * * …
28Waterfall Payment — A type of payment scheme in which higher tiered creditors receive interest and principal payments, while the lower tiered creditors receive only interest payments. When the higher tiered creditors have received all interest and principal payments …
29facility of payment clause — An appointment by the parties to an insurance contract of persons or classes of persons who may receive payment of the benefits or proceeds accruing under the contract, give receipt therefor to the insurer so as to discharge it from liability,… …
30for value received — A phrase used in a promissory note, bill of exchange, or other contract to show that some consideration (money or other value) has been given in exchange for whatever the contract requires. Category: Bankruptcy, Foreclosure & Debt Category:… …
