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 Surtax:
- Examples A tax added to the normal tax paid by corporations or individuals who have earned income above a certain level skip-payment privilege definition.
- Definition Surplus Management:
- Examples Related: Asset management skip-payment privilege explain.
- Definition Slump:
- Examples A temporary fall in performance, often describing consistently falling security prices for several weeks or months skip-payment privilege what is.
- Definition Strip:
- Examples Variant of a straddle. A strip is two puts and one call on a stock. A strap is two calls and one put on a stock. The puts and calls have the same strike price and expiration date. See: Strap skip-payment privilege meaning.
- Definition Shrinkage:
- Examples Discrepancy between a firm's actual inventory and its recorded inventory due to theft, deterioration, loss, or clerical problems skip-payment privilege abbreviation.
