Sentences with phrase «sum payment to account»

For instance, they might allow the homeowner to make a single lump - sum payment to account for the missed payments.

Not exact matches

Remember, even in China, the balance of payments has to balance — the sum of current and capital accounts must be equal to zero (with adjustments and statistical errors, of course).

You could buy a 5 - year MYGA, for example, for a lump sum payment of $ 75,000 that's currently sitting in a low - interest savings account, to guarantee a steady stream of income for the next five years.

One of the counts reads: «That you Dr. Raymond Dokpesi and Daar Investment and Holding Company Limited between October 2014 and March 19, 2015 in Abuja, conducted procurement fraud by means of fraudulent and corrupt act, to wit: receipt of payment into the account of Daar Investment and Holding Company Limited with First Bank of Nigeria Plc of public funds in the sum of N2, 120,000,000 from the account of the office of National Security Adviser (NSA) with the Central Bank of Nigeria for the funding of media activities for the 2015 presidential election campaign for the People's Democratic Party (PDP) and you thereby committed an offence contrary to section 58 (4)(b) of the Public Procurement Act, 2007 and punishable under Section 58 (6) & (7) of the same Act».

«That you Mohammed Ahmed Katun while serving as an Assistant Director, Pension Department of the Office of Head of Service of the Federation on or about the 14th day of August, 2009 within the jurisdiction of this Honourable Court, obtained by false pretences and with intent to defraud various sums of money amounting in the aggregate to N24, 660,675.00 (Twenty Four Million, Six Hundred and Sixty Thousand, Six Hundred and Seventy Five Naira only) from the Federal Government of Nigeria through the Pension Account held by the Office of the Head of Service of the Federation of Nigeria through fraudulent payments described as collective allowances into your bank account maintained with Ecobank Nigeria Limited (former Oceanic International Bank Plc) and thereby committed an offence contrary to Section 1 (1)(a) of the Advance Fee Fraud and Other Fraud Related Offences Act, 2006 and punishable under Section 1 (3) of the Advance Fee Fraud and Other Fraud Related Offences Act, 2006.Account held by the Office of the Head of Service of the Federation of Nigeria through fraudulent payments described as collective allowances into your bank account maintained with Ecobank Nigeria Limited (former Oceanic International Bank Plc) and thereby committed an offence contrary to Section 1 (1)(a) of the Advance Fee Fraud and Other Fraud Related Offences Act, 2006 and punishable under Section 1 (3) of the Advance Fee Fraud and Other Fraud Related Offences Act, 2006.account maintained with Ecobank Nigeria Limited (former Oceanic International Bank Plc) and thereby committed an offence contrary to Section 1 (1)(a) of the Advance Fee Fraud and Other Fraud Related Offences Act, 2006 and punishable under Section 1 (3) of the Advance Fee Fraud and Other Fraud Related Offences Act, 2006.»

... The bank accounts of Mrs. Nerquaye Tetteh, the wife of the Chief State Attorney, was later found by the Economic and Organized Crime Office (EOCO) to have ballooned by the payment into it of the sum of GHC400, 000.00 by Alfred Agbesi Woyome after the deal had become successful...».

When an individual retires under a DB plan, she is entitled to a stream of payments that has a lump - sum value that we calculate using standard actuarial methods (which take into account expected mortality patterns and adjust the sum of payments to reflect the fact that they are received over many years rather than at a single point in time).

They are going to transfer big sums of money to an account abroad to balance things on a longer - term basis (weekly, month, etc.) Then they will make individual payments to service providers out of the overseas account in between these larger, international transfers.

Q: My husband is retiring from teaching and will receive a large lump sum payment, but if he doesn't put it into a retirement specific account he'll have to pay about 30 % in tax on this sum.

Answer No. 1: First, the 30 % may be a touch low for an estimate of the taxes owing on a lump sum payment which is not otherwise eligible or contributed to a registered investment account.

Single Premium Deferred Annuity: A deferred annuity funded by one lump sum, which will begin to provide payments to the account holder on a specified future date.

The chances that you'll be able to do better than the monthly payments offered by your employer are low — a 2015 General Accounting Office on pensions and lump sums found that the payouts on company pensions are generally much more generous than those offered by private insurers — but it doesn't hurt to check.

While it is possible that your credit card issuer will refuse to accept a partial settlement of your debt, it is just as likely that you may be allowed to settle for either a lump sum payment, a renegotiation of your payment terms that may give you more time — typically an extra 90 days — or a combination of the two, in order to settle your account before it gets charged - off.

Colleges can choose to disburse grant funds in the form of a single lump sum payment or disbursement (equal installments) by sending federal financial funds to your school and crediting them to your account.

What if I die while receiving my payments?If you die while still receiving your payments through a non-life only option, your beneficiaries will have the choice of either receiving the remaining payments left on your payment schedule, or elect to receive the remaining account value as a commuted lump sum.

If you die while still receiving your payments through a non-life only option, your beneficiaries will have the choice of either receiving the remaining payments left on your payment schedule, or elect to receive the remaining account value as a commuted lump sum.

You would make payments into the account each month and a lump sum payment is made to the creditor when the dedicated account balance is high enough to pay the settlement amount.

(o) If there is no person who would be entitled, upon application therefor, to an annuity under section 2 of the Railroad Retirement Act of 1974 [98], or to a lump - sum payment under section 6 (b) of such Act, with respect to the death of an employee (as defined in such Act), then, notwithstanding section 210 (a)(9)[99] of this Act, compensation (as defined in such Railroad Retirement Act, but excluding compensation attributable as having been paid during any month on account of military service creditable under section 3 of such Act if wages are deemed to have been paid to such employee during such month under subsection (a) or (e) of section 217 of this Act) of such employee shall constitute remuneration for employment for purposes of determining (A) entitlement to and the amount of any lump — sum death payment under this title on the basis of such employee's wages and self — employment income and (B) entitlement to and the amount of any monthly benefit under this title, for the month in which such employee died or for any month thereafter, on the basis of such wages and self — employment income.

I live in the UK and I happen to have this sum and I'm willing to make the payment on their behalf from my UK bank account (or using TransferWise if possible).

There will be two options for pensioners, including a lump - sum commuted value payment to be transferred to a locked - in retirement account (LIRA) or life income fund (LIF).

You pay a lump sum each month to the escrow account and your mortgage lender puts the money toward your mortgage payment and pays your insurance premiums directly to your insurer.

By paying those accounts off in one lump sum payment, the consumer could potentially save thousands in future interest payments to those lenders and avoid falling behind.

Once the account has grown to a certain amount whereby a lump sum payment can be made, the debt settlement company contacts your creditors and begins negotiating a settlement with them.

Your idea to settle the collection accounts with a lump sum payment for less than the full balance owed will save money and stop the collection process.

The representative from settlement company negotiates with your creditors and / or collection agencies to reduce the payoff amount so that you can get rid of debts through a lump sum payment on each account.

Participants who qualify for distribution may receive a single lump sum, transfer the assets to another qualified plan or individual retirement account, or receive a series of specified installment payments.

That leads to numerous «insufficient funds» penalties if the borrower doesn't have enough money in his account to make the lump - sum payment.

In the event of death, diagnosis of an insured critical illness or an accidental dismemberment / paraplegia, a lump sum payment will be made based on your outstanding account balance up to a maximum of $ 25,000.

The best outcome is to get this debt off your back by paying a lump sum and getting a receipt and a commitment from the agency to update the status of your account on your credit report to reflect payment.

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.

If you're facing a legitimate financial hardship and can't make the minimum payments on your Bank of America (or FIA Card Services) credit card account then one potential solution is to negotiate a lump - sum settlement for less the balance owed.

Different treatment arises for the purposes of your transfer balance account depending on whether, under the payment split, the non-member spouse is entitled to either a lump sum amount or a percentage of the member spouse's superannuation income stream benefits payable from the superannuation income stream.

The only negatives are that you will no longer have the lump sum that you used to pay off the installment loan, and your credit score will no longer continue to be nourished by the regular payments being made to an open account.

One reduced lump sum payment will then be released from your account — and paid directly to the creditor — resulting in a «zero dollar balance» — reported as «settled in full» and sometimes removed from your credit report entirely.

If the New Balance is $ 25.00 or more, your Minimum Payment Due will be equal to any amount that is past due on your Credit Account plus the greater of (i) $ 25.00 or (ii) the sum of 2 % of the New Balance, plus interest and Late Payment Fees (rounded to the next higher whole dollar amount).

After paying an initial sum of USD$ 3.2 million for Koons's Balloon Venus Hohlen Fels (2013 - 15) in 2014, Silver claims that the gallery kept pushing the completion date back, but insisted the collector keep up with the payment installments — Silver says that the gallery rejected his offer to pay into an escrow account, which would have released the funds upon delivery of the work.

A payment on account in the sum of # 100,000 was ordered to be paid within 14 days but this was not paid, and shortly thereafter the First Defendant ceased to trade.

Even if the court declines to award the budgeted amount as costs, the lesson to be gleaned from the Manchester pilot scheme is that judges will be relaxed about awarding a significant payment on account of costs to the winner, based upon their budgeted sum.

The agreement stands until all the debt has been repaid «regardless of any settlement of account or any other matter whatever, and shall be without prejudice and in addition to every other right, remedy or security which we may have now or in the future in respect of any of the assets for the payment of any secured sums».

With respect to (7), the ONCA concluded that the trial judge was right to discount the retroactive lump sum payment of spousal support by 35 % to take into account the fact that the payment would not be tax deductible to the husband, in contrast to periodic spousal support payments.

The agreement provided, inter alia, that each party waived the right to the other's separate property in the event of separation or divorce; each party would keep separate bank accounts; and the husband's maintenance obligation would be limited to a lump sum payment of $ 20,000.

Although Deeley had provided Wood with the benefits she was entitled to during the notice period as well as a lump sum payment to arguably account for the lack of severance pay, this did not change the fact that the termination clause was deficient and unenforceable.

In Correa, the Court awarded a lump sum payment for the maximum notice period, which included damages for the unexpired period of reasonable notice and the plaintiff was ordered to account to the defendant for any earnings during the notice period.

If you plan to pay out of pocket, and you're not sitting on a large sums that you can withdraw from savings or other investment accounts, monthly payments are probably your best bet.

A lump sum annuity payment at death means that all of the money in the annuity account is paid out to beneficiaries.

Though child insurance plans are varied in nature, what they all have in common is that in case of your unfortunate demise, your ward shall be paid a lump sum payment (death benefit), and the insurer continues to deposit money on your behalf in your ward's account under the» waiver of premium benefit».

This is probably one of the best option especially if you are sending a huge sum of payment to another account or person.

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.

In order to buy down the initial rate for the temporary payment, a lump sum is paid and held in an account used to supplement the borrower's monthly payment.