period of payment
1Payment protection insurance — Payment protection insurance, (also known as PPI, credit protection insurance, loan repayment insurance, not to be confused with income protection or credit card cover) is an insurance product that is often designed to cover a debt that is… …
2payment in lieu of notice — (PILON) A contractual right to pay an employee a lump sum rather than require them to work out their statutory or contractual notice period. If there is no PILON clause in a contract of employment then an employer who pays an employee a lump sum… …
3period — pe‧ri‧od [ˈpɪəriəd ǁ ˈpɪr ] noun [countable] a particular length of time: • She has been taken on for a 6 month trial period. acˈcounting ˌperiod ACCOUNTING a period of time to which a particular payment is related for accounting or tax purposes …
4Payment in kind — refers to payment for goods or services with a medium other than legal tender (anything can be used as money, but legal tender is what the State accepts for all debts).Etymology“Kind” (or sometimes ) in this context is an archaic noun meaning… …
5payment by installments — payment of parts of a sum of money over a period of time …
6Payment Shock — The risk that a loan s scheduled future periodic payments may increase substantially. Payment shock can be the result of several things, including the expiration of an initial or temporary start interest rate (sometimes known as a teaser rate),… …
7payment — The fulfilment of a promise, or the performance of an agreement. A discharge of an obligation or debt, and part payment, if accepted, is a discharge pro tanto. In a more restricted legal sense payment is the performance of a duty, promise, or… …
8Payment Services Directive — The Payment Services Directive (PSD) is a regulatory initiative from the European Commission (Directorate General Internal Market) which will regulate payment services and payment service providers (as defined in the Directive) throughout the… …
9payment — pay|ment W1S2 [ˈpeımənt] n 1.) an amount of money that has been or must be paid ▪ You can make a payment in any bank. ▪ Employees may occasionally receive bonus payments . ▪ The country cannot meet the payments on its £80 billion foreign debt. ▪… …
10Period Certain — An annuitization method option with which the annuitant selects a specific time period for which the annuity income payments will last. This is unlike the more commonly selected life option, with which the annuitant receives an income payment for …
