periodic payment

periodic payment
savings account into which a fixed sum is paid at regular intervals

English contemporary dictionary. 2014.

Look at other dictionaries:

  • periodic payment — index installment, premium (insurance payment) Burton s Legal Thesaurus. William C. Burton. 2006 …   Law dictionary

  • periodic payment order — an order in divorce proceedings for regular payments of money. If the court is satisfied that the application of the clean break principle (clean break principle) is inappropriate, it may instead make an order for the payment of a periodical… …   Law dictionary

  • Periodic Payment Plan Certificate — A certificate representing ownership interest in a periodic payment plan. Through section 27 of the Investment Company Act of 1940, the Securities and Exchange Commission regulates the investment companies that sell periodic payment plan… …   Investment dictionary

  • Periodic Payment Plan — A type of investment plan, often sold to military personnel, that allows an investor to accumulate shares of a mutual fund indirectly by contributing a small, fixed sum over a period of usually 10, 15, or 25 years. In exchange for these payments …   Investment dictionary

  • periodic payment plan — accumulation of capital in a mutual fund by making regular payments on a monthly or quarterly basis. Bloomberg Financial Dictionary …   Financial and business terms

  • Substantially Equal Periodic Payment - SEPP — A plan that allows individuals who have invested in an IRA or another qualified retirement plan to withdraw funds prior to the age of 59.5 and avoid income tax and early withdrawal penalties. Typically, an individual who removes assets from a… …   Investment dictionary

  • periodic payments — A series of payments from an annuity, qualified retirement plan, or 403( b)(7) account made over a certain term of years. A payment from an IRA, even if over a period of years, is not considered a periodic payment for tax purposes. Bloomberg… …   Financial and business terms

  • Payment Shock — The risk that a loan s scheduled future periodic payments may increase substantially. Payment shock can be the result of several things, including the expiration of an initial or temporary start interest rate (sometimes known as a teaser rate),… …   Investment dictionary

  • Periodic law — Law Law (l[add]), n. [OE. lawe, laghe, AS. lagu, from the root of E. lie: akin to OS. lag, Icel. l[ o]g, Sw. lag, Dan. lov; cf. L. lex, E. legal. A law is that which is laid, set, or fixed; like statute, fr. L. statuere to make to stand. See… …   The Collaborative International Dictionary of English

  • 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

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”