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end-of-year payment

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  • 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

  • Payment Card Industry Data Security Standard — The Payment Card Industry Data Security Standard (PCI DSS) is an information security standard for organizations that handle cardholder information for the major debit, credit, prepaid, e purse, ATM, and POS cards. Defined by the Payment Card… …   Wikipedia

  • Payment Option ARM Minimum Payment — An option to make minimum payments on an payment option ARM, which is a complex mortgage product with a temporary low interest rate. After the expiration of the temporary start rate, the borrower retains the option to make a payment equal to the… …   Investment dictionary

  • Year 2000 problem — Y2K redirects here. For other uses, see Y2K (disambiguation). The (French) sign reads 3 January 1900 instead of 3 January 2000 The Year 2000 problem (also known as the Y2K problem, the Millennium bug, the Y2K bug, or simply Y2K) was a problem for …   Wikipedia

  • international payment and exchange — ▪ economics Introduction international exchange also called  foreign exchange        respectively, any payment made by one country to another and the market in which national currencies are bought and sold by those who require them for such… …   Universalium

  • Balloon payment mortgage — A balloon payment mortgage is a mortgage which does not fully amortize over the term of the note, thus leaving a balance due at maturity.Wiedemer, John P, Real Estate Finance, 8th Edition , p 109 110] The final payment is called a balloon payment …   Wikipedia

  • Fully Amortizing Payment — A periodic loan payment, part of which is principal and part of which is interest, where if the borrower makes payment according to the loan s amortization schedule, the loan will be paid off by the end of its set term. If the loan is a fixed… …   Investment dictionary

  • Graduated payment mortgage loan — A graduated payment mortgage loan, often referred to as GPM, is a mortgage with low initial monthly payments which gradually increase over a specified time frame. These plans are mostly geared towards young men and women who cannot afford large… …   Wikipedia

  • Fiscal year — A fiscal year (or financial year, or sometimes budget year) is a period used for calculating annual ( yearly ) financial statements in businesses and other organizations. In many jurisdictions, regulatory laws regarding accounting and taxation… …   Wikipedia

  • SABBATICAL YEAR AND JUBILEE — (Heb. שְׁמִטָּה, shemittah; יוֹבֵל, yovel). According to the Bible, during the seventh year all land had to be fallow and debts were to be remitted (Ex. 23:10–11; Lev. 25:1–7, 18–22; Deut. 15:1–11). The close of seven sabbatical cycles instituted …   Encyclopedia of Judaism

  • Calendar Year Accounting Incurred Losses — is a term used in the insurance industry to describe the losses incurred by an insurance company by the payment of claims, the re evaluation of claims already in the company s books and any negative or positive changes in loss reserves in a… …   Investment dictionary

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