Installment payments

Installment payments

Distribution of plan assets to beneficiaries based upon a regular schedule.

Installment Payments

A series of payments that a buyer makes instead of a lump sum to compensate the seller. Installment payments often, but do not always, include interest to pay the seller for accepting the credit risk that the buyer will not make payments in a timely manner. Installment payments can have tax advantages for the seller. Most importantly, they make expensive goods and services available to buyers who would not otherwise be able to afford them. See also: Credit sale.
References in periodicals archive ?
If the payments are made by age 59, the employee may elect to receive the first three installment payments annually beginning at age 65 and still receive the fourth and fifth installment payments at ages 63 and 64, respectively.
The newly introduced system allows purchases to pay no initial payments, and discounts are available for installment payments, making the costs of purchasing some phone types effectively zero.
In the latter case, the State Board of Equalization held that the gain realized by the receipt of the installment payments was taxable by California; the interest received was not.
Taxpayers who cannot make installment payments of estimated tax required to be made on Sept.
After they received the first payment, they divorced; the settlement provided each spouse with one-half of the remaining installment payments.
Under this approach, if a plan did not previously provide for a sin gle-and-joint-life annuity or installments payable over a single-and-joint-life expectancy, the plan must provide for installment payments over the longest installment period provided under the plan prior to the amendment.
A significant "gray" area under the Stark Law has been whether transactions, such as practice purchases, may include installment payments consistent with the requirements of the isolated transactions exception.
The certificates represent undivided interests in the right to receive installment payments from the city, equal to debt service, to the New Charlotte Corporation (the corporation), a non-profit corporation comprised of city officials.
PayItSimple enables both ecommerce and brick & mortar merchants to offer interest-free monthly installment payments to their customers at the point of sale.
The Wirecard Group and RatePAY, a subsidiary of the EOS Group which belongs to Otto Group, have agreed a far-reaching strategic alliance in order to give installment payments an even stronger foothold on the market as a key payment instrument for online purchases.
The rules governing installment sales are well defined, and the gain deferral achieved through installment sale treatment enables the seller, in certain circumstances, to spread gain over the period of installment payments based on the proportion that the gross profit on the sale bears to the contract price.
The church also agreed to pay the taxes, make monthly installment payments of $1,400 and keep the property in good repair.