Related Words

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

Ex-Dividend Date: This literally means 'without dividend.' The buyer of shares when they are quoted ex-dividend is not entitled to receive a declared dividend. It is the interval between the record date and t . . . View Full Definition

Extension Date: Voluntary arrangements to restructure a firm's debt, under which the payment date is postponed.

Invoice Date: Usually the date when goods are shipped. Payment dates are set relative to the invoice date.

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 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 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 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

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