Payments pattern

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Payments pattern

Describes the collection pattern of receivables. The pattern might describe the probability that a 72-day-old account will still be unpaid when it is 73 days-old.

Payments Pattern

The likelihood of a company to receive its accounts receivable by a certain point in time. That is, if most accounts are paid in 10 days and a certain account is unpaid after 25 days, the payments pattern would state that the account is unlikely to be paid in 26 days.
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Funding of Retail Spine, which is currently under development, is available and the payment pattern would be for the next 12-36 months, said Rajesh Pareek, chief financial officer of DIFC.
G in an attempt to help you better manage repayment of your outstanding balance," said the statement from the bank, adding that the extent of the impact will depend on customer's specific payment pattern.
Doctors are not being paid well and the existing payment pattern has warped the way medicine is practiced in the country.
Once every five years (referred to as a determination year) an insurer has an opportunity to elect to use its own payment pattern to discount losses (loss reserves and loss adjustment expenses.
Farmers in the flood affected areas would be given seed and other inputs on a deferred payment pattern.
Wool Board chairman Frank Langrish said: "We recognise that changes to the payment pattern created a difficult situation for producers but I'm keen to stress that the amount of current and future wool cheques should be more consistent and should more fairly reflect the value of the wool.
In reality the size of their cheques have simply been restored to earlier levels after the BWMB made changes to its payment pattern last season.
check] Use changes in a client's payment pattern to monitor satisfaction.
Any disruption to the payment pattern, particularly coming up to Christmas, would cause serious problems for a great many people.
Credit information will include specific account information, such as date opened, credit limit or loan amount, balance, monthly payment and payment pattern.
The third module is payment patterning; it helps financial institutions develop payment pattern profiles for each customer account or on a global basis.
The change in the monthly payment pattern has been approved by the Scottish Parliament.