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What is a payment on a loan is divided into equal payments over a set period of time called?
Wiki User
∙ 10y ago
installment debt
Wiki User
∙ 10y ago
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What are payments over a period of time called?
installments
What insurance policy requires payment of premiums to be paid for a specific time period?
They are called 'Limited Payment Life Insurance Policy' where premium has to be paid for a specific time period.
What does 5 annual installments mean?
Without more detail that could refer to two payment schedules:Five payments spaced out over a one year period.A single payment each year for a period of five years.
What does 'annuity' mean?
-noun, plural -ties. 1. a specified income payable at stated intervals for a fixed or a contingent period, often for the recipient's life, in consideration of a stipulated premium paid either in prior installment payments or in a single payment. 2. the right to receive such an income, or the duty to make such a payment or payments.----
Do mortgage payments due on the 1st but made before the grace period ends effect credit scores?
As long as your mortgage or other payment is received by the loan company within the grace period which is usually 15 days...it is paid on time and does not show a late payment on your credit report.
What are payments over a period of time called?
installments
What is a contract calling for payment of a fixed sum for a given period of time of for life?
divided
What is life annuity with period certain?
A life annuity with period certain is a type of annuity that provides regular payments for the rest of the annuitant's life, with a guaranteed minimum payment period specified in the contract. If the annuitant dies before the guaranteed period ends, payments will continue to a beneficiary until the end of that period.
What is capitation payment cycle?
Payments made on a monthly basis by users of the medical services of Health Maintenance Organizations (HMOs). After this payment is calculated for a future period of time, usually one year, the payment will remain fixed for that period, regardless of the frequency of use of the HMO's services.
How do I calculate the payment amount needed to arrive at a known value if I know these variables Present value Future value Rate and that the payment will increase by a known percent each period?
You might be able to use the PMT function. It returns the payment amount for a loan based on an interest rate and a constant payment schedule. You can try different numbers of payments to see what different monthly payments are required.Syntax: PMT(interest_rate,number_payments,PV,FV,Type)interest_rate = interest ratenumber_payments = number of paymentsPV = present value (or principal)FV (optional) = future value (if omitted, the assumed value is 0)Type (optional) = indicates when the payments are due0 = payments due at end of period (default or if not included)1 = payments due at beginning of period
If payment terms are payment in 60 days is that legally when payment is sent or when it is received?
When payment is received. But, most lenders offer a grace period for receipt of payments, partially for this reason. Your best bet is to give no less than three days mail time for a payment to be received.
Repayment options what does 10 defered payments mean?
The terms and rules a deferment are based on a loan's originator. When the terms of the loan were signed and agreed upon a period of payments was listed. Most often each payment period is one month. A deferral in this case can regard that for a period of 10-months there will not be payments. In order to avoid default, late payments or penalties the exact terms of deferment should be confirmed with the lenders themselves.
What is the time allowed for a payment called?
I would assume you are talking about the grace period?
What insurance policy requires payment of premiums to be paid for a specific time period?
They are called 'Limited Payment Life Insurance Policy' where premium has to be paid for a specific time period.
The period of time between the date a loan payment is due and when it is late is called?
It is called as lead time.
What does 5 annual installments mean?
Without more detail that could refer to two payment schedules:Five payments spaced out over a one year period.A single payment each year for a period of five years.
What does 'annuity' mean?
-noun, plural -ties. 1. a specified income payable at stated intervals for a fixed or a contingent period, often for the recipient's life, in consideration of a stipulated premium paid either in prior installment payments or in a single payment. 2. the right to receive such an income, or the duty to make such a payment or payments.----
