Financial Dictionary

This dictionary contains:
24549
financial terms

Payment




Payment

The amount required to repay a loan, including interest and fees.

RELATED TERMS
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Loan
Something lent (usually money) that will have to be given or paid back (usually with interest).

Interest
The amount of money a lender loans a borrower to pay for using the borrower's principal.



SIMILAR TERMS
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Payment date
The date on which shareholders of record will be sent a check for the declared dividend.

Payment float
Company-written checks that have not yet cleared.

Payment in kind
The use of a good or service as payment, instead of cash.

Payment in kind (PIK) bond
A bond that gives the issuer an option (during an initial period) either to make coupon payments in cash or in the form of additional bonds.

Payments netting
Reducing fund transfers between affiliates to only a netted amount. Netting can occur on a bilateral basis (between pairs of affiliates), or on a multi-lateral basis (taking all affiliates together).

Payments pattern
Describes the collection pattern of receivables. The pattern might describe the probability that a 72-day-old account will still be unpaid when it is 73 days-old.

Payments system
Collective term for mechanisms (both paper-backed and electronic) for moving funds, payments and money among financial institutions throughout the nation.



PREVIOUS AND NEXT TERMS
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Paydown
In a Treasury refunding, the amount by which the par value of the securities maturing exceeds that of those sold. In the context of general equities, paying a lower price in an accumulation of stock.

Paydown factor
The portion of cash subtracted each month from the principal of a mortgage security divided by the original principal of the security.

Payee
A person receiving payment through any form of money transfer method.

Payer
The person making a payment to a payee.

Paying agent
An agent who makes principal and interest payments to bondholders on behalf of the issuer.

Payment

Payment date
The date on which shareholders of record will be sent a check for the declared dividend.

Payment float
Company-written checks that have not yet cleared.

Payment in kind
The use of a good or service as payment, instead of cash.

Payment in kind (PIK) bond
A bond that gives the issuer an option (during an initial period) either to make coupon payments in cash or in the form of additional bonds.

Payments netting
Reducing fund transfers between affiliates to only a netted amount. Netting can occur on a bilateral basis (between pairs of affiliates), or on a multi-lateral basis (taking all affiliates together).

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This dictionary contains 24549 terms.







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