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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 into court — In litigation, the defendant may make an offer that he feels the plaintiff ought to accept. There is a procedure whereby this is paid into court . If the plaintiff thereafter continues the proceedings, but obtains less damages than the amount… …
3Payment of members — is the provision of a salary to members of a legislature. From time to time, proposals were made to reintroduce in the English parliamentary system a practice that was almost universally adopted in other countries, that of paying a state salary… …
4payment of honor — payment of a protested bill or draft by someone other than the primary debtor made with the purpose of saving the credit of such debtor …
5Payment gateway — A payment gateway is an e commerce application service provider service that authorizes payments for e businesses, online retailers, bricks and clicks, or traditional brick and mortar. It is the equivalent of a physical point of sale terminal… …
6Payment Card Industry Data Security Standard — The Payment Card Industry Data Security Standard (PCI DSS) is an information security standard for organizations that handle cardholder information for the major debit, credit, prepaid, e purse, ATM, and POS cards. Defined by the Payment Card… …
7Payment — A payment is the transfer of wealth from one party (such as a person or company) to another. A payment is usually made in exchange for the provision of goods, services or both, or to fulfill a legal obligation. The simplest and oldest form of… …
8payment — The amount required to repay a loan, including interest and fees. Bloomberg Financial Dictionary * * * payment pay‧ment [ˈpeɪmənt] noun 1. [countable, uncountable] FINANCE an amount of money that must be or has been paid, or the act of paying it …
9Payment 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),… …
10Payment service provider — A payment service provider (PSP) offers merchants online services for accepting electronic payments by a variety of payment methods including credit card, bank based payments such as direct debit (GlobalCollect), bank transfer, and real time bank …
