An instruction sheet which provides details of the amount that must be transferred, usually given via physical or electronic means.

A detailed plan which depicts the solution for paying off all outstanding debts that the company, or individual owes. Takes in to account the earning of the borrower and then […]

The firm that will process on the credit card on the bank’s behalf is a payment processor .

The time schedule by which payments must be made to the creditor.

A significant jump in the amount of the ARM payment, which might astonish the buyer due to its increased size.

A system developed to provide ease in transferring funds from the suppliers to the borrowers, or from payers to payees. An exchange of credits and debits take place between the […]

The terms under which a seller is required to finalize a sale. Usually, the payment terms depict the time in which payments must be made, as well as how they […]

A minimum payment amount that an affiliate must reach in order to receive payment from the service provider .

A payment given to the payee of a letter of credit , where the documents have certain anomalies. The bank whicih will advance the payment might keep it until confirmation […]

To pay off a payment completely. Or any benefit received is also known as a payoff.

A tool used for decision analysis which lists down all the pros and cons of any decision. It makes use of payoffs, and provides various combinations or alternatives, giving a […]

Usually present in juvenile policies, this provision states that in case the person who is responsible for making payments on behalf of the minor dies, or gets disabled, the rest […]

The period between which benefits are received, under a set agreement.

The amount of earnings paid to stockholders over the investments lifetime. This payment takes the form of common stock dividends. Refer to dividend yield and plowback ratio .

A company owned by eBay, whose primary function is to process online payments and transfer money from individuals and companies. It was set up in 1998, and accepts 18 currencies […]

The total amount of money that a company needs to pay its employees. Also in the form of a paysheet, which calculates all deductions and net payments.

A thorough examination that is done by one of the persons, or firms representing the insurance company. Used to determine the last premium due.

In addition to the payroll taxes, the payroll burden includes the total payroll during a period of accounting.

The salary payments list that must be given by any employer to the bank.

The amount which is not paid by the employer to the employee, even though it is his earning. Typically, payroll deduction occurs fornational insurance policies or tax payments.

A provision that if activated by the employee, allows the employer to cut the premium of insurance from their paycheck. The amount is sent directly to the insurance company.

The period during which an employer makes payments to the employees, and during which any authorized deductions are made.

The income tax or other deductions that are made by the employer on the employee’s gross salary .

The account, listed on a balance sheet , which is used to tally the amount of tax that has been paid for the employee or employer.

The different between the gross payment and the wages, that are estimated for the employees.