Balloon Payment

Business / Real Estate / Balloon Payment: Under an installment loan agreement, a final payment that is substantially larger than the previous installment payments and repays the debt in full, the remaining balance that is due at maturity (stop date) of a note or obligation.

Balloon Mortgage

Business / Taxes / Balloon Mortgage: With a balloon mortgage, you make monthly payments over the mortgage term, which is typically five, seven, or ten years, and a final installment, or balloon payment, that is significantly larger than MORE

Payment-In-Kind (PIK) Bond

Business / Finance / Payment-In-Kind (PIK) Bond: A bond that gives the issuer an option (during an initial period) either to make coupon payments in cash or in the form of additional bonds. MORE

Payment-In-Kind (PIK)

Business / Agriculture / Payment-In-Kind (PIK): In general, a payment made in the form of CCC-owned commodities (or title to them) in lieu of cash. This form of payment was widely used during the 1980s for paid diversion, deficiency payments, and e MORE

Payment Threshold

Business / Internet Marketing / Payment Threshold: The minimum accumulated commission an affiliate must earn to trigger payment from an affiliate program. 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

Payments In Lieu Of Taxes (PILT)

Business / Agriculture / Payments In Lieu Of Taxes (PILT): A program administered by the Bureau of Land Management of the Department of the Interior to compensate counties for the tax-exempt status of federal lands: the fixed payments per entitlement acre (on MORE

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