payment of balance

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• Payment protection insurance — Payment protection insurance, (also known as PPI, credit protection insurance, loan repayment insurance, not to be confused with income protection or credit card cover) is an insurance product that is often designed to cover a debt that is… …   Wikipedia

• Balance — Bal ance (b[a^]l ans), v. t. [imp. & p. p. {Balanced} (b[a^]l anst); p. pr. & vb. n. {Balancing} (b[a^]l an*s[i^]ng).] [From {Balance}, n.: cf. F. balancer.] 1. To bring to an equipoise, as the scales of a balance by adjusting the weights; to… …   The Collaborative International Dictionary of English

• payment-in-kind — (PIK) USA In the case of bank loans, a feature whereby the interest is added to the principal balance of the loan (referred to as capitalized) instead of being paid to the lender in cash (called cash pay interest). In the case of other securities …   Law dictionary

• payment — The amount required to repay a loan, including interest and fees. Bloomberg Financial Dictionary * * * payment pay‧ment [ˈpeɪmənt] noun 1. [countable, uncountable] FINANCE an amount of money that must be or has been paid, or the act of paying it …   Financial and business terms

• payment — noun 1 paying/being paid ADJECTIVE ▪ immediate (esp. BrE), prompt ▪ late ▪ penalties for late payment of tax ▪ early (esp. BrE) ▪ …   Collocations dictionary

• payment — The fulfilment of a promise, or the performance of an agreement. A discharge of an obligation or debt, and part payment, if accepted, is a discharge pro tanto. In a more restricted legal sense payment is the performance of a duty, promise, or… …   Black's law dictionary

• Payment — (Roget s Thesaurus) < N PARAG:Payment >N GRP: N 1 Sgm: N 1 payment payment defrayment Sgm: N 1 discharge discharge Sgm: N 1 acquittance acquittance quittance Sgm: N 1 settlement settlement clearance liquidation …   English dictionary for students

• balance of payments — the difference between a nation s total payments to foreign countries, including movements of capital and gold, investments, tourist spending, etc., and its total receipts from foreign countries. [1835 45] * * * Systematic record of all economic… …   Universalium

• Balance sheet — Accountancy Key concepts Accountant · Accounting period · Bookkeeping · Cash and accrual basis · Cash flow management · Chart of accounts  …   Wikipedia

• Balance of payments — In economics, the balance of payments, (or BOP) measures the payments that flow between any individual country and all other countries. It is used to summarize all international economic transactions for that country during a specific time period …   Wikipedia

• payment — noun 1 (C) an amount of money that has been or must be paid: Discounts offered for cash payments | Tom s gotten into arrears with his mortgage payments. | make a payment: Interest payments are made quarterly. 2 (U) the act of paying: We expect… …   Longman dictionary of contemporary English