When the payer can choose to pay fixed rates rather than floating rates. This occurs when the strike price have a high interest rate . Refer to reciever swapation.

One who pays, or who is to make a payment; particularly the person who is to make payment of a bill or note. Correlative to “payee.”

The act of compensating in monetary value .

A third party , or an entity such as a bank which makes a payment on the period interest and principal to the owners of the bond, paid on the […]

The bank which will cash a check or draft. Known as an accepting bank too.

The revenue while producing loan is known as the payload.

An officer of the army or navy whose duty is to keep the pay-accounts and pay the wages of the officers and men. Any official charged with the disbursement of […]

In case of a robbery perpetrated by the custodian himself that results in monetary loss intended for payment to employees, the paymaster robbery insurance might cover the money owed.

The performance of a duty, promise, or obligation , or discharge of a debt or liability, by the delivery of money or other value. Also the money or other thing […]

A brief note usually given to buyers, detailing the payment method and how it will be accepted.

A setup in which the buyer can receive delivery documents, only after the full payment of the bill of invoice has been made.

A deposit, usually 20% of the actual amount, which must be given by the winning bidder, taken as a surety that he will pay all sums on time and in […]

A confirmation receipt, usually physical or electronic, that provides confirmation that payment has been received.

The average of the number of days during after the receipt of invoice and the time it takes to pay it off.

The date on which payment must be made.

The time it takes after writing the check for the balance to be actually deducted from the bank. Results in a decrease.

A term used in E commerce which depicts a program that provides information of the customer’s credit card order, to the merchant’s account.

Usually given in the form of collateral, a type of surety which ensures that the debt will be paid as per the agreements.

The history of an employee, depicting the days on which he/ she has received payment, and when dues have been cleared. Helps creditors and lenders in checking whether the employee […]

A detailed analysis of the patterns of payment of history of an employee, or company. By carrying out a payment history analysis , a company could identify certain methods by […]

Payment usually made once the bill of exchange has matured, or after it. Usually done in good faith.

A security that pays out in other securities not cash. This occurs when a company is short on cash but has plenty of securites. Refer to reset in kind payment […]

the money that is paid to clerk of the court in accordance to an order of the court.

A payment arrangement between institution and payer. All payments are netted in the normal course of business . Refer to setoff and novation.

A payment related to taxes, based upon the previous period’s liabilities.