Related Words

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

Payments In Lieu Of Taxes (PILT): A program administered by the Bureau of Land Management of the Department of the Interior to compensate counties for the tax-exempt status of federal lands: the fixed payments per entitlemen . . . View Full Definition

Payment-In-Kind (PIK) Bond: A bond that gives the issuer an option (during an initial period) either to make coupon payments in cash or in the form of additional bonds.

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

Payments Netting: Reducing fund transfers between affiliates to only a netted amount. Netting can occur on a bilateral basis (between pairs of affiliates), or on a multi-lateral basis (taking all affiliates together).

Periodic Payment Plan: Accumulation of capital in a mutual fund by making regular payments on a monthly or quarterly basis.

Pre-Payments: One or more accounts set up to account for money paid in advance (eg. insurance, where part of the premium applies to the current financial year, and the remainder to the following year).

Poverty Thresholds: For statistical purposes (e.g., counting the poor population), the Census Bureau uses a set of annual income levels - the poverty thresholds - slightly different than the federal poverty gui . . . View Full Definition

PIK (Payment-In-Kind) Securities: Highly speculative bonds or preferred stock that pay interest or dividends through additional bonds or preferred stock.

Payments Pattern: Describes the collection pattern of receivables. The pattern might describe the probability that a 72-day-old account will still be unpaid when it is 73 days-old.