Installment payments

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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 ?
Through a pilot program, participating issuers and merchants will be able to offer their customers an installment payment experience at checkout using a Visa card they already have in their wallet.
They only have to submit an installment payment proposal to the head of the SSS Branch/Office or Large Account Department.
Travel Business Review-March 22, 2019-UATP, Uplift partner to offer installment payment solutions for airlines
M2 EQUITYBITES-March 22, 2019-UATP, Uplift partner to offer installment payment solutions for airlines
With PINTEC's customized installment payment solution, consumers of Beijing EVERCARE can apply for installment financing.
Dooc said that within one-year, they can defer the payment of the penalty either in full or through installment based on the assigned monthly installment payment plan.
Before denying a passport, the State Department will hold your application for 90 days to allow you to resolve any erroneous certification issues, make full payment of the tax debt or enter into a collection alternative with the IRS such as an installment payment agreement or offer in compromise.
Al Wasleh, a subsidiary of the Offtec Holding Group (OHG), a regional provider of innovative technology and loyalty services, said it has signed an agreement with Ayyad Ceramic and Porcelain, to provide installment payment solutions pertaining to the products it offers.
Al-Wasleh, a subsidiary of the OFFTEC Holding Group (OHG), signed an agreement with Ayyad Ceramic and Porcelain, in order to provide installment payment solutions pertaining to the products it offers.
Following each missed installment payment, State Farm mailed Starr-Haller a "Cancellation Notice" that stated both the amount due and a coverage "Cancel Date." If Starr-Haller failed to pay her premium by the Cancel Date, the Cancellation Notices explained that the following would occur: "Payment prior to the date and time of cancellation will reinstate your policies.
(TSX Venture: AII) has made a final installment payment of EUR 300,000 and now owns a 51% interest in the Valtreixal tin-tungsten project located in northwestern Spain, the company said.
In this paper, two models of loan payment, Equal Principal Payment (Model 1) and Equal Installment Payment (Model 2 are presented based on diminishing balance interest rate.