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 ?
Contract notice: number of the consultation: 19ems0196 audit of the management of the overall payment period
So if you are going to strictly impose the three month Extended Payment Period only, which will give the agencies implementation up to December 31, 2019, and deliver and payment only until March 31, 2020, that would really be difficult.'
In this case, the supplier will not agree to an extension of the payment period or alternatively could force shorter payment periods.
Intel Corporation (Nasdaq:INTC), a semiconductor technology company, announced on Friday that the upside trigger on its 3.25% junior subordinated convertible debentures, which were issued in 2009 and mature in 2039, has been met for the six-month interest payment period from 1 August 2019 to 1 February 2020.
The amendment extends the interest-only payment period as well as the time for drawing down additional funding under the loan facility.
The Executive Council of Abu Dhabi, UAE has recently issued a circular in relation to the payment period to contractors and suppliers.
The bridge loan terms include a 24-month payment period with two six-month extensions, and no pre-payment penalty.
The payment period would decrease from the current 30-day standard to 15 days.
Payments for yearend deliveries may be settled until the extended payment period or the three months of the following fiscal year.
The second possibility is that the lender amortizes the loan using the shorter payment period on the loan.
WH Smith and Holland and Barrett were both found to have a standard payment term of 90 days, while at Boots the payment period was 75 days.
The move obligates banks and finance firms to reduce the interest rate and not to increase the payment period of retail loans, which will be provided after the issuance of the new amendments.