Tag: payment
Credit Card
DefinitionA credit card is a payment card issued to users to enable the cardholder to pay a merchant for goods and services based on...
Qualified Joint And Survivor Annuity (QJSA)
What is 'Qualified Joint And Survivor Annuity - QJSA'
An annuity payment from a qualified plan or 403(b) account that provides a life annuity to...
Credit Default Swap
DefinitionA credit default swap is a financial swap agreement that the seller of the CDS will compensate the buyer in the event of a...
Key Money
DefinitionKey money is one of several forms of payment made to a landlord. The term has various meanings in different parts of the world....
Early Amortization
What is 'Early Amortization' A type of credit enhancement used in certain asset backed securities (ABS). Early amortization is an accelerated payment...
Cash Flow
Cash flow refers to the total or net amount of cash and its equivalents that move in and out of an organization. If a...
Joint Life With Last Survivor Annuity
What is 'Joint Life With Last Survivor Annuity' An insurance product that, when annuitized, makes payments to the annuitant, the annuitant and...
Targeted Amortization Class (TAC)
What is 'Targeted Amortization Class - TAC' A type of credit derivative that is similar to a planned amortization class (PAC) in...
Hard Money Loan
DefinitionA hard money loan is a specific type of asset-based loan financing through which a borrower receives funds secured by real property. Hard money...
Imputed Interest
What is an 'Imputed Interest' Imputed interest is used by the Internal Revenue Service (IRS) as a means of collecting tax revenues...