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A weekly payment is often referred to as a "weekly wage" or "weekly salary." It is the amount of money paid to an employee or worker for their labor on a weekly basis, typically calculated based on hours worked or a fixed salary divided by the number of weeks in a year. This payment frequency is common in various industries, especially in hourly jobs or part-time positions.

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Daily or weekly payment is called?

Daily or weekly payments to workers or employees are called wages whereas monthly payments are called salaries but it also has some other meaning in French which can be found out from francewholesalers.com


What is a monthly payment called?

Amonthley payment on a house is called a "Mortgage"


What is initial payment on a mortgage called?

Down payment


A bi weekly mortgage reduces the term of a thirty year mortgage to how many years?

By making half of a monthly mortgage payment every two weeks, homeowners can save a substantial amount of money over the term of a mortgage loan. Typically, if a homeowner pays half of their monthly mortgage payment every other week, they will reduce a 30-year fixed-rate mortgage by approximately seven years. The reason is simple: instead of making 12 monthly payments, homeowners are making half a payment every two weeks, resulting in 26 half payments per year, or the equivalent of 13 monthly payments in a 12-month period. In the end, the principal is paid down a great deal faster, saving a significant amount of money on mortgage interest payments. Most banks and mortgage lenders offer bi-weekly payment options, and many even offer a weekly mortgage payment option. If you're willing to pay your mortgage bi-weekly, and your lender offers the opportunity for weekly mortgage payments, take full advantage. Does this opportunity to pay off your mortgage early sound too good to be true? Well, there is one caveat: most banks that offer the bi-weekly or weekly payment options also charge a fee to sign up, often hundreds of dollars. However, there is a way to achieve the same results without having to pay these unnecessary fees. Merely make one extra monthly mortgage payment per year or simply distribute an extra month's payment evenly throughout the year by paying down the principal each month. Most monthly mortgage statements provide an extra line for an "extra principal payment." To see exactly how much money a bi-weekly or weekly payment plan can save you over the life of your mortgage loan, an online accelerated mortgage calculator will do the figuring for you. You will be pleasantly surprised at how much time will be removed from your mortgage term.


Do real estate agents gett paid weekly?

They get paid when they sell a house. Their schedule of payment depends on how many houses they sell.

Related Questions

Daily or weekly payment is called?

Daily or weekly payments to workers or employees are called wages whereas monthly payments are called salaries but it also has some other meaning in French which can be found out from francewholesalers.com


Is CPA Beyond provide the weekly payment?

Yes,CPA Beyond provide the weekly and fast payment. CPA Beyond are very good with payment.


Where can I find a bi-weekly mortgage calculator on the web?

This free online Biweekly Mortgage Payment Calculator will calculate the bi-weekly payment and the time and interest savings that will occur if you switch from .


What is 47 days by weekly payment cycle terms?

the customer pays the supplier weekly at 47 days from invoice date


What is payment of wages?

Payment for labor or services to a worker, especially remuneration on an hourly, daily, or weekly basis or by the piece.


Alternative Payment Frequencies?

Alternative Payment Frequencies Use this calculator to determine your payment or loan amount for different payment frequencies. You can make payments weekly, bi-weekly, semi-monthly, monthly, bi-monthly, quarterly, semi-annually or annually. You can then examine your principal balances by payment, total of all payments made, and total interest paid.


When do you receive payment for unemployment benefits?

You typically receive payment for unemployment benefits on a weekly or biweekly basis, depending on the state's regulations.


What is the difference between bi-weekly and bi-monthly payment schedules?

The difference between bi-weekly and bi-monthly payment schedules is the frequency of payments. Bi-weekly means payments are made every two weeks, while bi-monthly means payments are made twice a month.


Do women in Australia get free breast implants?

I never heard of it, but i guess there's what they called payment plan for breast implants in Australia. It a patient financing that allow patients to pay weekly.


What is the maximum weekly unemployment payment collectible in Wisconsin?

$363. See Related Link below.


How do they calculate your weekly payment?

Hours worked multiplied by rate per hour minus deductions.


Does subway pay weekly?

Subway franchisees typically pay their employees on a bi-weekly basis, but payment schedules can vary depending on the individual franchise owner. Some locations may offer weekly pay, while others might follow a different schedule. It's best to check with the specific Subway location for their payment practices.