Tag: payment
Waterfall Payment
What is a 'Waterfall Payment' A waterfall payment is a type of payment scheme in which higher-tiered creditors receive interest and principal...
Waiver Of Premium Rider
What is a waiver of premium rider
A waiver of premium rider is an insurance rider that waives the policyholder's obligation to pay premiums if...
Warehouse Bond
A warehouse bond is a type of surety bond that guarantees payment for goods that are stored in a bonded warehouse. The bond is...
Waiver Of Premium For Disability
Waiver Of Premium For Disability What is 'Waiver Of Premium For Disability ' A provision in an insurance policy that states...
Waterfall Concept
What is 'Waterfall Concept' A life insurance plan that provides a tax benefit in regards to intergenerational transfers of wealth. The concept...
Waiver Of Demand
What is 'Waiver Of Demand' An agreement by the party that has endorsed a check or draft to accept legal responsibility, without...
Wage Earner Plan (Chapter 13 Bankruptcy)
What is the Wage Earner Plan (Chapter 13 Bankruptcy)?
The Wage Earner Plan, also known as Chapter 13 bankruptcy, is a repayment plan for individuals...
Waiver Of Notice
When to Use a Waiver of Notice
When does a meeting require formal notice? Normally, anyone with an interest must be formally notified, either in...
Waiver Of Inventory Clause
Waiver Of Inventory Clause What is 'Waiver Of Inventory Clause ' A clause in an insurance policy that says that the...
Tax Deferred
DefinitionTax deferral refers to instances where a taxpayer can delay paying taxes to some future period. In theory, the net taxes paid should be...