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average payment

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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

  • payment card — UK US noun [C] ► COMMERCE any of a range of different cards that can be used by a customer to make a payment: »Credit and other payment cards are starting to make cash obsolete. »At the end of last year, US households on average had access to… …   Financial and business terms

  • average date — ➔ date1 * * * average date UK US noun [C] (also average due date) ACCOUNTING ► the average of dates on which several payments are owed to the same person, company, or organization, used when deciding the best date on which to make one payment of… …   Financial and business terms

  • average clause — ➔ clause * * * average clause UK US noun [C] INSURANCE ► a part of an insurance policy that states that if the insurance value of a property at the time of loss or damage is less than its real value, payment by the insurance company will be… …   Financial and business terms

  • Average Rate Option - ARO — An option used to hedge against fluctuations in exchange rates by averaging the spot rates over the life of the option and comparing that to the strike price of the option. Average rate options are typically purchased for daily, weekly or monthly …   Investment dictionary

  • Average Joe — The term Average Joe or Average Jane is used in the United States to refer to the average American. Today statistics by the United States Department of Commerce provide information regarding the societal attributes of those who may be referred to …   Wikipedia

  • average bond — A promise to pay general average contributions, if required. If a general average loss occurs during a marine voyage the carrier has a right to take part of the cargo as payment of the cargo owners contribution to the loss. As an alternative to… …   Big dictionary of business and management

  • average maturity — The average time to maturity of securities held by a mutual fund. Changes in interest rates have greater impact on funds with longer average maturity. Bloomberg Financial Dictionary The lifetime of a bond, concluding when the final payment of… …   Financial and business terms

  • average adjuster — A person who handles marine insurance claims on behalf of the insurers. If there is a claim that involves general average and contributions have to be made by all the parties involved it is the average adjuster who is responsible for apportioning …   Big dictionary of business and management

  • average bond — noun marine insurance : a bond required to procure delivery of goods and given by a consignee to the master of a ship for prompt payment of any chargeable general average when its amount is ascertained …   Useful english dictionary

  • General average/New version — Average in maritime commerce to signify damages orexpenses resulting from the accidents of navigation. Average is either general or particular. General average arises when sacrifices have been made, or expenditures incurred, for the preservation… …   Wikipedia

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