Electronic Bill Payment

Business / Taxes / Electronic Bill Payment: If you have an electronic bill payment arrangement with your bank, your bills are sent to an account you designate and the bank pays them automatically each month by deducting the money from that account and transferring it to your payees, either electronically or by check. The advantage of using electronic payment is that your bills will be paid on time, though it is your responsibility to ensure that there is enough money on deposit to cover what’s due. When the payments are made to credit accounts with the same bank, you may be offered a slightly reduced interest rate for using the service. However, you’ll want to investigate whether there’s an added fee for automatic payment and how much flexibility you have in determining how much of a bill’s balance due is paid each month on credit accounts where you have the option to pay less than the full amount owed.

Other Words for Bill

Bill Verb Synonyms: invoice, charge
Bill Noun Synonyms: invoice, account, tally, reckoning, tabulation, (restaurant) check, tab
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Parts Per Billion (PPB)

Business / Real Estate / Parts Per Billion (PPB): Units commonly used to express contamination ratios, as in establishing the maximum permissible amount of a contaminant in water, land, or air. These ratios can also be expressed in parts per million MORE

Patient Bill Of Rights

Health / Health Insurance / Patient Bill Of Rights: Refers to the Consumer Bill of Rights and Responsibilities, a report prepared by the President's Advisory Commission on Consumer Protection and Quality in the Health Care Industry in an effort to ensu 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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