Nonperiodic payments are defined to include any payment made or received with respect to a notional principal contract that is neither a periodic payment
nor a termination payment (described below).
Distributions that are part of a qualified series of substantially equal periodic payments
(SEPPs) made annually to the IRA owner are also exempt from the penalty.
the appellate court observed that neither that statute nor the legislative debates suggested that after an obligor's current support was terminated, the circuit court was restricted to the previous periodic payment
amount in setting a new amount to satisfy the arrearage.
For potential early retirees, the substantially equal periodic payment
exception may provide funding.
If the periodic payment
calculation under section 213.
The periodic payment
of a limited amount of those increased state revenues over to the creator of the jobs is deemed appropriate by the Act.
Targeted to all parties involved in such cases, the book covers the interdisciplinary nature of measuring loss, the role of the forensic economist in determining loss, types of settlements including annuities, structured settlements and periodic payment
In addition, this ruling provides guidance on what constitutes a reasonable interest rate to determine payments which satisfy the substantially equal periodic payment
It is clear, the memorandum states, that a periodic payment
under a swap does not constitute a sale or exchange of an asset.
The bill would also require that periodic statements disclose a date that reflects when the current outstanding balance would be paid off if the consumer chooses to pay only the minimum periodic payment
required under the plan.
Annuity--An annuity is a contract between an insurance company and an individual that generally guarantees lifetime income to the individual whose life the contract is based upon in return for either a lump sum or periodic payment
to the insurance company.