Financial Dictionary

This dictionary contains:
24549
financial terms

Payment float




Payment float

Company-written checks that have not yet cleared.



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

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

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

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

Payment float

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.

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This dictionary contains 24549 terms.







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