Payment Period

Payment Period

The period over which the borrower is obliged to make payments.

On most mortgages, the payment period is a month but on some it is biweekly. It is not necessarily the same as the Interest Accrual Period.

References in periodicals archive ?
69 per cent flat per annum, coupled with an extended six year payment period, while a zero per cent interest has been announced for loans up to one year.
The bank told CNA that borrowers had been given the choice of an immediate reduction in their repayments, or the benefit could be offset to shorten the payment period of the loan.
While the cross-checks required will prevent full payments in December 2015, she said the Welsh Government will be making substantial part payments as early in the payment period as possible.
There is a significant relation between average payment period and value of the listed companies in Tehran stock exchange.
Osama Abdullah Al-Jowder, announced that the new student fee payment period has been extended until Wednesday August 28, 2013 to enable students to complete their registration procedures and to confirm their admission through the University's official website (www.
5 percent and a payment period of eight years with a two year grace period.
In 2009, the stated payment period from Government departments to their business suppliers was reduced from 30 days to 15 days.
The period for payment of subscription: The payment period for existing shareholders and employees starts from 2013/06/24 to 2013/06/28; the payment period for specific counterparties starts from 2013/07/01 to 2013/07/05.
New regulations mean payments can be made in future years in up to 12 monthly installments enabling bills to be spread across a longer payment period.
The pension allocated by Canada will be based on the period in which the respective person made social security payments in Canada, while the pension allocated by Bulgaria will be based on the social security payment period in Bulgaria proven with the respective documents.
Tayseer is a flexible financing product that can provide liquidity up to BD250,000 ($663,085), with a payment period that can extend up to 84 months and a grace period for three months.
Under the revised rules, any modified loan may be repurchased after successfully completing a three-month trial payment period, if a trial period is required.