Deferred Payment Annuity

Business / Finance / Deferred Payment Annuity: A monthly fixed-dollar payment beginning at retirement age. It is nominal because the payment is fixed in a dollar amount at any particular time, up to and including retirement.

Payment Quantity

Business / Agriculture / Payment Quantity: The quantity of production eligible for production flexibility contract payments under the FAIR Act of 1996. Payment quantity is calculated as the farm’s program yield (per acre) multiplied by 85% o MORE

Payment Rate

Business / Agriculture / Payment Rate: Generally, the amount paid per unit of production (i.e., bushel, pound, hundredweight) to each participating farmer for eligible production under commodity income and price support programs. MORE

Payment Schedule

Business / Construction / Payment Schedule: A pre-agreed upon schedule of payments to a contractor usually based upon the amount of work completed. Such a schedule may include a deposit prior to the start of work. There may also be a temporary MORE

Payment Limitation

Business / Agriculture / Payment Limitation: The maximum annual amount of commodity program benefits a person can receive by law. Persons are defined under payment limitation regulations, established by USDA, to be individuals, members of joint MORE

Payment Float

Business / Finance / Payment Float: Company-written checks that have not yet cleared. MORE

Payment Cap

Business / Debt / Payment Cap: A Payment Cap is the maximum amount for a payment under an Adjustable Mortgage Loan, regardless of the increase in the interest rate. If the payment is less than the interest alone, negative amortizat MORE

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