Payment
91payment date — The date that dividends, interest, or principal and interest payments are due to be paid to the owner of record of a security. American Banker Glossary The date on which shareholders of record will be sent a check for the declared dividend.… …
92payment banks — These are CREST Participants who guarantee payment for securities delivered to their client via CREST. Payment banks respond to instructions from members CMAs (see Cash Memorandum Account). All cash movements are effected outside CREST by… …
93payment voucher — receipt showing that a payment has been made (generally specifying the purpose of the payment) …
94Payment guarantees — Guarantees issued on the strength of which the bank s customer is able to receive advance payment for a certain project. The bank can refund the advance payment if the customer does not complete the project in accordance with the contract… …
95payment in kind — A payment that is not made in cash but in goods or services. It is often in the form of a discount or an allowance, e. g. cheap fares for British Airways employees, staff prices for food at supermarkets, etc. Now regarded as a bonus or fringe… …
96payment terms — / peɪmənt tɜ:mz/ plural noun the conditions laid down by a business regarding when it should be paid for goods or services that it supplies, e.g. cash with order, payment on delivery or payment within a particular number of days of the invoice… …
97payment by mistake — See payment under mistake of fact; payment under mistake of law …
98Payment Date — The date on which a declared stock dividend is scheduled to be paid. Only those shareholders who bought the stock before the ex dividend date receive the dividend on the date of payment (payable date) …
99Payment In-Kind - PIK — The use of a good or service as payment, instead of cash. Also known as paid in kind. A good example is a farmhand who is paid room and board for helping out on the farm instead of earning wages. Another example is the use of securities instead… …
100Payment date — The date on which each shareholder of record will be sent a check for the declared dividend. The New York Times Financial Glossary * * * The date on which a coupon payment, dividend or fund distribution is due to be made …
