periodic payment plan

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Periodic payment plan

Accumulation of capital in a mutual fund by making regular payments on a monthly or quarterly basis.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Periodic Payment Plan

An agreement between a debtor and a creditor whereby the debtor makes payments on a portion of the principal and/or interest on a loan or other liability on a monthly or quarterly basis. Nearly all loans are repaid on a periodic payment plan.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

periodic payment plan

A plan in which an investor agrees to make monthly or quarterly payments to a mutual fund as a method of accumulating shares over a period of years. The periodic payment plan's stipulation of fixed periodic contributions results in dollar-cost averaging for the investor. See also plan completion insurance.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
In 2010, John was a member of the Self-Assessment Leadership Team studying the reform of SEC examinations and, in 2007, led a study on Refunds, Sales Practices, and Revenues from Periodic Payment Plans. He has also been an active member of SEC task forces studying the Regulation of Public Utility Holding Companies and the Fair and Efficient Administrative Proceedings.