Payment - Law Dictionary Search Results
mortgage insurance premium (mip)
mortgage insurance premium (mip) a monthly payment -usually part of the mortgage payment - paid by a borrower for mortgage insurance. Source: U.S. Department of
prepayment penalty mortgage (ppm)
penalty mortgage (ppm) a type of mortgage that requires the borrower to pay a penalty for prepayment, partial payment of principal or for repaying the entire loan within a certain time period. A partial payment is generally
rate
rate 1 : a fixed ratio between two things 2 : a charge, payment, or price fixed according to a ratio, scale, or standard: as a : a charge per unit of
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compensation
agreement 3 : something that makes up for a loss [received for the breach of contract] ;specif : payment to unemployed or injured workers or their dependents see also unemployment compensation, workers' compensation 4 : payment for
remit
to a former status or condition 4 : to send (money) to a person or place esp. in payment of a demand, account, or draft vi : to send money (as in payment) re·mit·ment n re·mit·ta·ble adj
rent
another to hold as owner a tract of land or other immovable property in perpetuity in exchange for payment of an annual sum or quantity of fruits c : the amount paid by a hirer of personal
settle
an agreement negotiated by the parties usually out of court c : to close (as an account) by payment ;also : to close by compromise and payment of less than the full amount claimed or due vi
Fees and taxes
Fees and taxes, 'Fees' are the amounts paid for a privilege, and are not an obligation, but the payment is voluntary. Fees are distinguished from taxes in that the chief purpose of a tax is to raise
standard mortgage clause
usually considered to form a separate contract between the insurer and mortgagee under which the mortgagee can collect payment even if the policy is void or voidable with regard to the insured (as because of fraud or
stock
access to information not publicly available cumulative preferred stock : preferred stock whose holders are entitled to the payment of cumulative dividends as well as current dividends before common stockholders are paid growth stock : stock issued
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