final payment

final payment
noun
the final payment of a debt
Syn: ↑payoff
Hypernyms: ↑payment

Useful english dictionary. 2012.

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Look at other dictionaries:

  • final payment — ➔ payment * * * final payment UK US noun [C or U] FINANCE ► the last in a series of payments, or the amount needed to pay off a debt: final payment of sth »Final payment of the balance must be made at least 60 days prior to closing the account.… …   Financial and business terms

  • final payment — The point at which monetary credit given for an item cannot be revoked under U.C.C. Article 4, which describes four means of final payment occurs. See U.C.C. No. 4 213(1) …   Black's law dictionary

  • final payment — The point at which monetary credit given for an item cannot be revoked under U.C.C. Article 4, which describes four means of final payment occurs. See U.C.C. No. 4 213(1) …   Black's law dictionary

  • deposit subject to final payment — See subject to final payment …   Ballentine's law dictionary

  • subject to final payment — A familiar condition in the banking business. Where checks received by a bank from a depositor are credited to his account subject to final payment, which provision is sometimes printed in the depositors pass books as applying to out of town… …   Ballentine's law dictionary

  • final — fi‧nal [ˈfaɪnl] adjective 1. [only before a noun] the last in a series of things, actions, or events: • An official announcement was expected following a final meeting at the tyre manufacturer s Milan headquarters. • The US based company is… …   Financial and business terms

  • final completion — USA As used in project finance, occurs when: • The project has achieved all the technical and performance requirements set out in the construction contract. • All punch list items have been completed (unless the parties otherwise agree). • The… …   Law dictionary

  • final — fi·nal adj 1: ending a court action or proceeding leaving nothing further to be determined by the court or to be done except execution of the judgment but not precluding appeal used of an order, decision, judgment, decree, determination, or… …   Law dictionary

  • payment — The amount required to repay a loan, including interest and fees. Bloomberg Financial Dictionary * * * payment pay‧ment [ˈpeɪmənt] noun 1. [countable, uncountable] FINANCE an amount of money that must be or has been paid, or the act of paying it …   Financial and business terms

  • payment — The fulfilment of a promise, or the performance of an agreement. A discharge of an obligation or debt, and part payment, if accepted, is a discharge pro tanto. In a more restricted legal sense payment is the performance of a duty, promise, or… …   Black's law dictionary

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