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What is a semi monthly payment?
That means two payments per month.
What does semi annual payments mean?
Semi annual payment means payment done every half year or twice a year.
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 direct debit a good payment system?
Generally, for regular payments, direct debit is a good payment system as it means that there is no need to worry about paying a bill as it is automatically taken out of your bank account. However, if your bank balance is uncertain, direct debit is perhaps not the best payment system.
Why do interest payments decrease each month and the principal payment increases?
Mortgages are typically "front-loaded." That means the interest is paid more aggressively in the beginning of the life of the loan than the principal. As the loan matures, less of your payment is devoted to paying the interest on the loan and more is applied to your principal balance. It is important to mark extra payments as being toward the principal, otherwise your mortgage servicer may apply any extra payments as an additional monthly payment instead of reducing the principal.
What is a semi monthly payment?
That means two payments per month.
What does semi annual payments mean?
Semi annual payment means payment done every half year or twice a year.
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.
What does In kind?
This usually refers to payments, the payment is made by non-monetary means, as a form of exchange.
What do you mean by factor payments?
Factor payments means is a wage or interest or rent or profit payment for a service of scarce resources, in return for a productive services.
What does standard of deferred payment mean?
In economics, one of the four functions of money is to serve as a "standard of deferred payment". It means that a contract or agreement may specify (or imply) that the repayment of a debt be made using a particular monetary unit. It differs from other functions of money in that it is not functioning as an immediate medium of exchange or store of value but, rather, as a medium by which future payments will be made.
What does 'in kind' mean?
This usually refers to payments, the payment is made by non-monetary means, as a form of exchange.
What does 1111111 mean on your credit report payment history?
means your up to date with your monthly payments in the past 7 mths (past) 1111111 (present) if you have a 2s or 3s in the series of numbers ... ie) 111231121 it means you have been behind with your monthly payment that paticular month. 1s mean paid monthly payment on time 2s mean 30 days (missed one payment) 3s mean 60 days (missed two payments) 4s mean 90 days (missed three payments)
If you are a month behind on rent have been in contact with the landlord Can he still evict me if I make the rent payments current?
If he accepts the rent he cannot evict you for non payment, but could ask you to leave based on constant tardiness of payment. If he doesn't accept the payments this means he is evicting you.
Why banks require down payments?
To prove that you have the means to conduct the affair you are proposing. Also to legally "enact" the contract in respect of the payment.
What does mc means of payment mean?
"means of payment" refers to how you will get the money to pay them.For example, if you take out a loan, they will want to know how you will come by the money to pay them back (job, etc.)"A $100,000/year job provides you the means to afford the loan payments on a $200,000 mortgage."
What is PYT in bank statements?
PYT on bank statements stands for pre-authorized payments. This means that there is an authorized payment being drafted from an account.
