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The amount required to repay a loan, including interest and fees.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.


The reception of compensation for a good or service. For example, if one sells a hairdryer for $10, the payment is $10. In a cash sale, payment is made immediately or almost immediately, while in a credit sale, payment may be delayed for a certain period of time.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved


Funds given to another in exchange for goods or services or as reimbursement for money loaned.A mortgage payment may consist of interest only;it could be a combination of principal and interest; or it could also include sums for real estate taxes, property insurance, and/or private mortgage insurance. In order to use Microsoft Excel to calculate your monthly principal and interest payment for a mortgage, do the following:

1. In cell A1, place the annual interest rate.

2. In cell A2, place the number of months of the loan to fully amortize it.

3. In cell A3, place the principal amount of the loan.

4. In cell A4, write the following formula exactly: pmt(A1/12,A2,A3)

5. Cell A4 will calculate your monthly payment.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
At the same time, most organizations are also disbursing via wire transfers, Automated Clearing House (ACH) payments, and payment cards.
The school districts withheld FICA taxes on the payments; Appoloni, Bergmann and Engle sued for a refund in the Western District Court of Michigan, and Klender, Petri and Rase in the Eastern District Court.
Adjutant Wilson also noted that a long-standing resolution opposing lump sum payments for service-connected disability compensation was again adopted by the delegates to the DAV's 2006 National Convention in Chicago.
Some courts have held, like Blom, that such payments are deposits, not advance payments of tax; see, e.g., Hill, 263 F2d 885 (3d Cir.
The proposed amendments would change the longstanding treatment of some forms of non-compete payments and would also apply to many agreements to which they should not, thereby disrupting the well-settled tax treatment of many transactions, confusing taxpayers and CRA alike, and causing inequitable and untenable tax results.
Originated cross-border transactions are sent to EPN in files, which can include NACHA Corporate Cross-Border Payments (CBR) and Consumer Cross-Border Payments (PBR), SWIFT MT103 messages and proprietary cross-border formats.
Homeowners don't have to make large extra payments to see a significant impact on their overall finances.
Graduates will benefit from refinancing their multiple privately insured student loans into one refinanced loan with lower monthly payments and one simple billing statement.
* Schedule payments in advance--up to 120 days for businesses and 365 days for individuals.
The Reserve Banks are currently processing and posting these payments to depository institutions' Federal Reserve accounts by 9:15 a.m.
Bottomline Technologies has released WebSeries[R] 3.0, the latest version of its payment lifecycle management software.
At a minimum, front-desk personnel who receive patient co-payments, co-insurance and other payments need to be able to post those amounts correctly and to reconcile cash to payments posted at the end of each day.