Payment deferral refers to the temporary postponement or delay in making a payment that was originally scheduled to be paid at a certain time. It allows someone to defer or put off making a payment until a later date.
Full definition
Hyundai Motor America today announces the latest addition to its Assurance program with the launch of a new
payment deferral program aimed...
A growing list of local educational agencies have notified the state that they are so close to insolvency that they can not survive the series
of payment deferrals the Legislature has imposed for the coming months.
Oftentimes, unsecured unemployment loans can be set up
with payment deferrals for several months (as many as six with some lenders) in order to give you time to get back on your feet and start working again.
The Fund Schools on Time Act of 2014 (A.G. File No. 13 - 0034)-- submitted by proponent Suzanne Cordingley representing «Fund Cal Schools» of Cool, Calif. — would eliminate all existing
school payment deferrals by requiring the state to repay them over the course of the 2015 - 16 fiscal year.
Payment deferral options are another perceived advantage to consolidating credit card debt by taking out a student loan.
The loan
payment deferral benefit is available every 12 months you pay on time, so you can use this reward more than once over the life of your loan.
In a typical program, buyers apply for a second loan — usually around $ 15,000 — and either pay a very low interest rate or get a
substantial payment deferral, or both.
School districts that are already dealing
with payment deferrals are also eying a $ 235 million payment for categorical programs due Sept. 28 that can not be paid if there is no budget, according to state controller John Chiang.
Silver was more vague about other revenue sources that could end up in the budget, saying the money will come through the closing of loopholes and
payments deferrals, including delayed payments of tax credits to businesses.
The economic recession has increased the financial strain on middle - income families with children in private schools, causing more of them to request loans or tuition -
payment deferrals.
More than 30 charter schools and small to mid-size districts have petitioned the California State Board of Education for relief from
the payment deferrals saying that without the waiver they will have insufficient cash to pay their bills and will require an emergency state loan.
The budget includes $ 6 billion more for implementation of the Local Control Funding Formula (LCFF), over $ 3 billion in one - time block grants, $ 20 million to expand the charter school facility grant program and the elimination of
all payment deferrals.
Another feature of Marcus we like is the lender's
payment deferral program.
Interest will continue to accrue during
any payment deferral period.
However, Schilling says that Chafee reneged on both the tax credits and
the payment deferral, which contributed to 38 Studios having to lay off everybody.