Tag: payment
Home Equity Loan
DefinitionA home equity loan is a type of loan in which the borrower uses the equity of his or her home as collateral. The...
Harmonized Sales Tax – HST
DefinitionThe harmonized sales tax is a consumption tax in Canada. It is used in provinces where both the federal goods and services tax and...
Years Certain Annuity
What is 'Years Certain Annuity' An insurance product that pays the holder a monthly income for a specified number of years. A...
In Specie
What does 'In Specie' mean In specie is a phrase describing the distribution of an asset in its present form, rather than...
Implicit Rental Rate
What is 'Implicit Rental Rate' The opportunity costs that a firm incurs as a result of using their own assets for ongoing...
Immediate Payment Annuity
What is an 'Immediate Payment Annuity' An immediate payment annuity is an annuity contract that is purchased with a single lump-sum payment...
In The Penalty Box
What is 'In The Penalty Box' A phrase referring to a company whose stock has plummeted with no rebound in sight. A...
In Escrow
What does 'In Escrow' mean In escrow is an item such as money or a piece of property that has been transferred...
Inbound Cash Flow
What is 'Inbound Cash Flow' Any currency that a company or individual receives through conducting a transaction with another party. Inbound cash...
National Automated Clearinghouse Association (NACHA)
National Automated Clearinghouse Association (NACHA) What is 'National Automated Clearinghouse Association - NACHA ' A non-profit membership association charged with overseeing...