Meaning SKIP-PAYMENT PRIVILEGE: A mortgage contract clause giving borrowers the right to skip payments if they are ahead of schedule
More terms such as Skip-payment privilege in Dictionary S.
- Definition Settlement Risk:
- Examples The risk that one party will deliver and the counterparty will not be able to pay and vice versa skip-payment privilege definition.
- Definition Scale:
- Examples Payment of different rates of interest on CDs of varying maturities. A bank is said to post a scale. Commercial paper dealers also post scales skip-payment privilege explain.
- Definition Selling Group:
- Examples All banks involved in selling or marketing a new issue of stock or bonds skip-payment privilege what is.
- Definition Synergistic Effect:
- Examples A violation of value-additivity in that the value of a combination is greater than the sum of the individual values skip-payment privilege meaning.
- Definition Spot Secondary:
- Examples Secondary distribution that may not require an SEC registration statement and may be attempted without delay. An underwriting discount is normally included in these offerings skip-payment privilege abbreviation.
