Payment Schedule

Business / Loan / Payment Schedule: This information on the Truth in Lending Disclosure Statement shows the amount of the first loan payment, the amount and number of the regularly scheduled payments (usually monthly), the amount of the final payment, and when all those payments are due. The actual payment due may be greater for a number of reasons, including taxes and insurance. If the loan has an 'adjustable rate,' the actual payments will differ from the payment schedule.

Other Words for Schedule

Schedule Adjective Synonyms: programme, organize, plan, outline, list, record, register, arrange, book, time, slate, appoint, assign, allot, dedicate, earmark
Schedule Noun Synonyms: programme, timetable, plan, calendar, agenda, outline, list, listing, record, register
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Pre-Payments

Business / Accounting / Pre-Payments: One or more accounts set up to account for money paid in advance (eg. insurance, where part of the premium applies to the current financial year, and the remainder to the following year). MORE

Prepayment Penalty

Business / Finance / Prepayment Penalty: A fee a borrower pays a lender when the borrower repays a loan before its scheduled time of maturity. MORE

PIK (Payment-In-Kind) Securities

Business / Finance / PIK (Payment-In-Kind) Securities: Highly speculative bonds or preferred stock that pay interest or dividends through additional bonds or preferred stock. MORE

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