Sentences with phrase «lump sum payment due»

Alternatively, the agreement may call for one lump sum payment due at signing of the agreement, or a finite sum payable over a specified number of months.

The benefit is that there will not be any lump sum payment due at the time of issue, as there will be with an original age policy in most cases.

Not exact matches

Many enter into balloon car loans thinking that they'll see an increase in their income by the time the payment is due, often leaving themselves unable to pay down the lump sum.

Repayment may be made as either a lump - sum payment when the invoice is due, or be required on a weekly basis.

Many enter into balloon car loans thinking that they'll see an increase in their income by the time the payment is due, often leaving themselves unable to pay down the lump sum.

Repayment may be made as either a lump - sum payment when the invoice is due, or be required on a weekly basis.

When the due date for your guaranteed bad credit loan arrives, you will make one lump sum payment to the lender and the loan will be covered in full.

Making a payment larger than your minimum payment amount can sometimes advance your due date, meaning another payment on your student loans won't be due until your minimum payments catch up to your lump sum payment.

After the short term expires, the remainder of the balance is due in one lump sum or «balloon payment».

Also, if the buyer makes a balloon payment, all of the taxes due on that balloon will be due in one lump sum payment, negating the contract's key tax benefit.

Lump sum payments must be a minimum of $ 100.00 and made on a regularly scheduled payment due date.

Your payment may go up after an introductory period, so that you would be paying down some of the principal — or you may end up owing a «balloon» payment, a lump sum usually due at the end of a loan.

(A balloon payment is a lump sum payment for the remaining balance due at maturity).

A mortgage that has periodic payments that will amortize it over a stated term but that provides for a lump sum payment to be due at the end of an earlier specified term.

On the one hand, filing for chapter 13 bankruptcy can help you save a home from foreclosure by forcing your lender to take past due mortgage payments in small increments over a 3 - 5 year period rather than forcing you to pay back what you owe in a lump sum right away.

Under Internal Revenue Code (IRC) section 104 (a)(2), gross taxable income does not include damages received in a lump sum or through periodic payments due to physical illness or injury.

This credit does not have monthly payments of a set figure, but instead is due all at once in a lump sum payment of the full amount owed.

I also want to try to negotiate two collections she has, by having them take a lump sum for a lower amount than is due, as opposed to her making monthly payments.

For payday and auto title loans that are due in one lump sum, full payment means being able to afford to pay the total loan amount, plus fees and finance charges within two weeks or a month.

Balloon payment: One large lump sum that covers the balance due and that a borrower pays at the close of a balloon mortgage.

If you forego an escrow account, you must plan to save enough money monthly to cover your insurance and property tax payments when they come due as lump sums.

Filing a bankruptcy can save both of these assets by allowing you to catch up the past due payments over 60 months rather than trying to pay the entire past due balance in one lump sum payment.

Get a lump - sum payment on top of your normal health plan coverage in case you're hospitalized due to an accident or illness.

A balance transfer card allows you to pay down debt gradually without a lump sum coming due in a matter of weeks, and making timely monthly payments is a great way to rebuild your credit.

Repayment options You'll need to decide when payments are due or if you want the loan to be repaid in one lump sum.

Interest was to accrue on any late payments and the entirety of the remaining balance of the lump sum outstanding was to fall due in the event of any payment becoming more than 14 days overdue.

Disability income insurance: Insurance that provides periodic payments, or in some cases a lump - sum payment, based on the insured's income replacement needs, when the insured is unable to work due to illness or injury.

Accidental Disability rider offers an immediate lump sum payment on occurrence of any disability due to an accident.

Lump sum payment to the quantum of 100 % of capital sum insured in case of job loss caused due to accident.

They can use this lump - sum payment for any number of reasons associated with the treatment of the disease or expenses incurred due to the illness: transportation costs, baby - sitters, medical equipment to use during recovery, additional groceries for family caregivers who need to stay during recuperation, and even to pay their major medical deductible.

Policy benefits: • Payment is available on a weekly basis for loss of income due to accidental injury • Lump sum payments for death and permanent disabilities for accidents • Cover is available 24 hours worldwide, or can be limited to working hours

The caveat to this is that a lump sum payment will be due in most cases when the policy is issued.

In case, any of the mentioned Critical Illness occurs, the Benefit is paid to you as a Lump sum amount, as selected during the inception, heedless of the death benefit payout option you choose, subject to the policy being in function and the payment is made for all the due payments.

Reliance Accidental Death and Total and Permanent Disablement Rider (Regular Premium)-- the rider promises payment of an additional lump sum amount if the insured dies or suffers total and permanent disability directly due to an accident.

The key is that you have to pay up front, which is not possible for everyone due to the large lump sum payment required.

Another form is the option to use the cash value of the policy to prepay the remaining balance of premiums due in a lump sum payment.

A death benefit will be paid if a worker is killed on the job, and lump sum payments are available if the employee is permanently disfigured due to a work - related accident.

It pays a lump sum payment in case of unfortunate death helping your family to take care of the financial loss occurred due to your unfortunate demise.

In calculating your finances, you should take into account the payment of any tax that is due and the fact that this amount may have to be paid in one lump sum.

If you are receiving maintenance payments only, the tax due is payable directly in one lump sum under the self assessment procedures.

You or your ex-partner could take out a policy that pays a lump sum, or one that pays you an income for a specific length of time (perhaps until the child maintenance payments were due to end).

To close the deal, the seller could agree to «carry back «a second mortgage of $ 10,000 at a 12 percent interest rate, with interest - only payments due each month and a lump - sum «balloon «payment of $ 10,000 due in five years.