Information about financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit.
Main Page: accounting, investment, credit, inventory, payroll, financial advisor, inventory control, stock trading,
Definition of Payment date
The date on which each shareholder of record will be sent a check for the declared dividend.
The date established for the payment of a declared dividend.
date dividend checks are mailed.
Voluntary arrangements to restructure a firm's debt, under which the payment date is postponed.
Usually the date when goods are shipped. payment dates are set relative to the invoice date.
Fixed-income securities may be purchased on dates
Gives the holder of a floating-rate bond the right to redeem his note at par on the coupon
date on which particular news concerning a given company is announced to the public.
Automatic payment of moneys derived from a benefit.
A statistical compilation formulated by a sovereign nation of all economic transactions
The difference between the demand for and supply of a country's currency on the foreign exchange market.
A statement of a country's transactions with other countries.
The lease payment at which a party to a prospective lease is indifferent between
The prepayment rate of a MBS coupon that will produce the same CFY as that of
A date before maturity, specified at issuance, when the issuer of a bond may retire part of the bond
A computerized clearing system for sterling funds
An international wire transfer system for high-value
Consolidated Omnibus Budget Reconciliation Act (COBRA)
A federal Act
The dates when the coupons are paid. Typically a bond pays
A bond's interest payments.
Current Tax Payment Act of 1943
A federal Act requiring employers to withhold income taxes from employee pay.
Date of record
date on which holders of record in a firm's stock ledger are designated as the recipients of
Treating cash flows as being received on exact dates - date 0, date 1, and so forth - as
The date on which a firm's directors meet and announce the date and amount of the next
The date on which the board of directors has declared a dividend.
Delivery versus payment
A transaction in which the buyer's payment for securities is due at the time of
In an interest rate swap, the date the swap begins accruing interest.
Electronic Federal Tax Payment Systems (EFTPS)
An electronic funds transfer system used by businesses to remit taxes to the government.
The first day of trading when the seller, rather than the buyer, of a stock will be entitled to
date that determines whether a stockholder is entitled to a dividend payment; anyone holding stock before this date is entitled to a dividend.
The date on which a share of common stock begins trading ex-rights.
The last day (in the case of American-style) or the only day (in the case of European-style)
The day on which the first option either expires or is extended.
FHA prepayment experience
The percentage of loans in a pool of mortgages outstanding at the origination
In the Euromarket the standard periods for which Euros are traded (1 month out to a year out) are
Graduated-payment mortgages (GPMs)
A type of stepped-payment loan in which the borrower's payments
The date on which holders of record in a firm's stock ledger are designated as the
Interac« Direct Payment
Instead of paying with cash or a credit card, Interac Direct payment allows you to pay for your purchase with a debit card, such as your bank card. The amount of the purchase is electronically debited, or withdrawn, from your bank account (see debit card).
Contractual debt payments based on the coupon rate of interest and the principal amount.
The date a security is first offered for sale. That date usually
date on which a policy is approved.
Lag response of prepayments
There is typically a lag of about three months between the time the weighted
The consideration paid by the lessee to the lessor in exchange for the use of the leased equipment/property. payments are usually made at fixed intervals.
The date when the issuer returns the final face value of a bond
date on which a debt is due for payment.
The day the option is either exercised or expires.
online bill payment
The electronic payment of a bill via the Internet. The specified amount of the bill is electronically debited from your account.
Company-written checks that have not yet cleared.
Checks written by a company that have not yet cleared.
bond A bond that gives the issuer an option (during an initial period) either to make
Reducing fund transfers between affiliates to only a netted amount. Netting can be done on
escribes the lagged collection pattern of receivables, for instance the probability that a
date on which the insurance company assumes responsibilities for the obligations outlined in a policy.
A system where funds are electronically debited from your account on a specified date by a financial institution (e.g., bill, mortgage or personal loan payments) or perhaps an insurance or an utility company.
A payment made in advance of when it is treated as an expense for profit purposes.
Also called speed, the estimated rate at which mortgagors pay off their loans ahead of
payments made in excess of scheduled mortgage principal repayments.
Production payment financing
A method of nonrecourse asset-based financing in which a specified
Periodic payments to a supplier, contractor or subcontractor for work satisfactorily performed to date.
Projected maturity date
With CMOs, final payment at the end of the estimated cash flow window.
1) date by which a shareholder must officially own shares in order to be entitled to a dividend.
The date used to decide which shareholders will receive the dividend. The owners of the shares at the end of this day are entitled to the dividend.
The length of time given a borrower by a lender to repay a debt and the frequency of principal payments which the borrower has to meet.
The date on which payment is made to settle a trade. For stocks traded on US exchanges,
The date when money first changes hands; i.e., when a buyer
A bond that will make only one payment of principal and interest.
A service which enables you to request a 'stop' on any cheque or other pre-authorized payment, as long as the funds have not yet been disbursed. For example, you might request a stop payment on a post-dated cheque if you no longer need the product or service for which that cheque was initially written.
In an interest rate swap, the date that the counterparties commit to the swap. Also, the date on
A grant or gift that is not payment for services rendered.
date on which valuation occurs.
In the market for Eurodollar deposits and foreign exchange, value date refers to the delivery date
assumption The assumption of payment of scheduled principal and interest with no payments.
A schedule that shows precisely how a loan will be repaid. The schedule gives the required payment on each specific date and shows how much of it constitutes interest and how much constitutes repayments of principal.
A bill of exchange, or draft, drawn by the borrower for payment on a specified date, and accepted by a chartered bank. Upon acceptance, the bill becomes, in effect, a postdated certified cheque.
A financial asset taking the form of a promise by a borrower to repay a specified amount (the bond's face value) on a maturity date and to make fixed periodic interest payments.
Usually a fixed interest security under which the issuer contracts to pay the lender a fixed principal amount at a stated date in the future, and a series of interest payments, either semi-annually or annually. Interest payments may vary through the life of bond.
a. An option to buy a certain quantity of a stock or commodity for a
Forward Exchange Market
A market in which foreign exchange can be bought or sold for delivery (and payment) at some specified future date but at a price agreed upon now.
The amount to which a payment or series of payments will grow by a given future date when compounded by a given interest rate. FVIF future value interest factor.
The period of time between the end of the discount period and the date payment is due.
The tendency of a pool of MBSs to reflect an especially high rate or prepayments the first time
This is your payment for the cost of insurance. You may pay annually, semi-annually, quarterly or monthly. The least expensive method is annually. Using any of the other payment modes will cost you more money. For example, paying monthly will cost about 17% more. If you pay annually and terminate your coverage part way through the year, you may not receive a refund for the remaining months to the annual renewal date.
A prepayment model based on an assumed rate of prepayment each month of the then unpaid principal
Refinancing (Credit Insurance)
Extending the maturity date or increasing the amount of existing debt or both. Also, revising a payment schedule, usually to reduce the monthly payments and often to modify interest charges.
RRSP (Registered Retirement Savings Plan) (Canada)
A savings plan registered with Revenue Canada, which allows you to set aside a portion of your earned income now for use in the future. When you contribute to your RRSP, you are eligible to claim a tax deduction. However, cashing RRSPs at a later date will result in the payment of tax.
An option on an option. The buyer generally executes the split fee with first an initial fee,
For the CMO tranche, the date the last payment would occur at zero CPR.
Demand for payment at a stated future date.
Net pay not collected by an employee, which is typically transferred
Related to : financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit.