Sentences with phrase «installments as a lump sum payment»

Not exact matches

The funds can either be received as a lump sum, or in small daily installments with additional interest payments of 10 %.

Payment of loan proceeds — The borrower receives the loan money as a line of credit, monthly installments, a combination of both, as a lump sum, or the payment retires an existing moPayment of loan proceeds — The borrower receives the loan money as a line of credit, monthly installments, a combination of both, as a lump sum, or the payment retires an existing mopayment retires an existing mortgage.

Reverse mortgages allow homeowners age 62 and older to convert a portion of their home equity into tax - free loan proceeds, which they can elect to receive either in a single lump sum payment, monthly installments, or through a line of credit that allows funds to be withdrawn as needed.

Some creditors may allow for the structuring of a debt settlement in an installment plan rather than as a lump sum payment, but generally, a creditor will accept a lower amount if you offer a lump sum payment rather than an install plan spread out over several months.

Furthermore, unlike installment loans that are repaid via multiple payments over the course of the loan, short - term cash advance loans are typically repaid as a single lump - sum payment that includes both the principal plus any and all applicable financing fees.

Unlike installment loans, which are repaid via multiple payments, short - term loans are typically repaid as a single lump sum at the end of the loan terms, which includes both the principal and all finance charges.

Alimony, also sometimes called spousal support or spousal maintenance, is a payment made in either monthly or quarterly installments (or in rare occasions, a lump sum) that is supposed to serve as a financial buoy to the spouse who is disadvantaged.

Lump sum payment: A one - time payment, as opposed to payments made in installments.

Payment from the policy may be as a lump sum or as an annuity, which is paid in regular installments for either a specified period or for the beneficiary's lifetime.

These funds may be received by the policy holder as a lump sum or in installment payments.

If the installment amounts are below the threshold limits, then the death / maturity amount will be settled as lump sum payment only.