Tag: 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...
Import Duty
Import Duty What is an 'Import Duty ' Import duty is a tax collected on imports and some exports by the...
Offline Debit Card
What is 'Offline Debit Card' A card that combines characteristics of both a traditional (online) debit card and a credit card, allowing...
Odd-Days Interest
What is 'Odd-Days Interest' Interest that is earned from a mortgage or other loan with closed-end installments that contain a nonstandard payment...
Omnibus Account
What is an Omnibus Account
An Omnibus account is a single account that is used to hold securities for multiple clients. The account is maintained...
Mandatory Mortgage Lock
Home Ownership by Country Mandatory Mortgage Lock What is 'Mandatory Mortgage Lock' The sale of a mortgage in the secondary mortgage market...
Manufactured Payment
What is 'Manufactured Payment' A payment made to pass through dividend and interest payments from the borrower to the lender of those...