payment on account

payment on account
payment on account
an amount of money paid that is part of the total amount owed for something, or the act of paying in this way: »

Tax is also due as the first payment on account for the tax year 2010-11.

Main Entry: payment

Financial and business terms. 2012.

Игры ⚽ Нужен реферат?

Look at other dictionaries:

  • payment on account — payment made to an account, pay off an accumulated debt …   English contemporary dictionary

  • payment on account — 1) A payment made for goods or services before the goods or services are finally billed. See also deposit 2) A payment towards meeting a liability that is not the full amount of the liability. The sum paid will be credited to the account of the… …   Big dictionary of business and management

  • payment on account — See: progress payment …   Accounting dictionary

  • payment on account —    Part payment of an outstanding debt, usually coupled with an agreement to repay the balance at a specified date …   Business law dictionary

  • payment on account scheme — The largest VAT payers are required to be in the Payments on Account Scheme. Under the scheme interim payments must be made. HM Customs & Revenue Glossary …   Financial and business terms

  • 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 — / peɪmənt/ noun 1. the money exchanged for goods or a service ● We always ask for payment in cash or cash payment and not payment by cheque. ● The payment of interest or the interest payment should be made on the 22nd of each month. ♦ payment… …   Marketing dictionary in english

  • account — n. & v. n. 1 a narration or description (gave a long account of the ordeal). 2 a an arrangement or facility at a bank or building society etc. for commercial or financial transactions, esp. for depositing and withdrawing money (opened an account) …   Useful english dictionary

  • payment — / peɪmənt/ noun 1. the act of giving money in exchange for goods or a service ● We always ask for payment in cash or cash payment and not payment by cheque. ● The payment of interest or the interest payment should be made on the 22nd of each… …   Dictionary of banking and finance

  • Account stacking — is a broadcast industry term, which refers to the deployment of subscription Direct To Home (DTH) satellite receiving equipment at multiple geographical locations under a single customer account. It is often referred to as 2nd address service,… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”