Debt Payment Program (DPP): An agreement under the Debt Arrangement Scheme (DAS) that allows you to pay off your debts over an extended period of time. The program can be for any amount of money or for any reasonable length of time.

 

Related Words

Debt Payment Program (DPP): An agreement under the Debt Arrangement Scheme (DAS) that allows you to pay off your debts over an extended period of time. The program can be for any amount of money or for any reasonable l . . . View Full Definition

Payment Limitation: The maximum annual amount of commodity program benefits a person can receive by law. Persons are defined under payment limitation regulations, established by USDA, to be individuals, members . . . View Full Definition

Payment Float: Company-written checks that have not yet cleared.

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

Payment Cap: A Payment Cap is the maximum amount for a payment under an Adjustable Mortgage Loan, regardless of the increase in the interest rate. If the payment is less than the interest alone, negative . . . View Full Definition

Payment Quantity: The quantity of production eligible for production flexibility contract payments under the FAIR Act of 1996. Payment quantity is calculated as the farm’s program yield (per acre) multiplied . . . View Full Definition

Payment Rate: Generally, the amount paid per unit of production (i.e., bushel, pound, hundredweight) to each participating farmer for eligible production under commodity income and price support programs.

Payment-In-Kind (PIK): In general, a payment made in the form of CCC-owned commodities (or title to them) in lieu of cash. This form of payment was widely used during the 1980s for paid diversion, deficiency payme . . . View Full Definition

Payment Threshold: The minimum accumulated commission an affiliate must earn to trigger payment from an affiliate program.

Payment Schedule: This information on the Truth in Lending Disclosure Statement shows the amount of the first loan payment, the amount and number of the regularly scheduled payments (usually monthly), the amo . . . View Full Definition