Final Payment: The last payment of the full cruise fare plus any necessary or agreed extras, such as taxes, air add-on. Final payment must be received before your cruise tickets and correlated travel documents are issued and sent to you.

 

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Final Payment: The last payment of the full cruise fare plus any necessary or agreed extras, such as taxes, air add-on. Final payment must be received before your cruise tickets and correlated travel docum . . . 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

Balloon Payment: A scheduled payment due at the end of a loan term that is substantially greater than the regular monthly payments. This may be a very large payment. It is designed to occur when the regular . . . 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 Threshold: The minimum accumulated commission an affiliate must earn to trigger payment from an affiliate program.

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) 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.

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.

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).

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