Question: What Is Another Word For Monthly Payment?

A period from a specified day in one month to the day numerically corresponding to that day in the following month, less one.

Related Terms: Calendar Day, Calendar Quarter, Calendar Week, Calendar Year.

Generally, when the word month is used in the context of a legal deadline, it means a calendar month..

What’s another word for paid?

Some common synonyms of pay are compensate, indemnify, recompense, reimburse, remunerate, repay, and satisfy. While all these words mean “to give money or its equivalent in return for something,” pay implies the discharge of an obligation incurred.

Is paid for meaning?

pay for. … Literally, to pay money for something that incurs a cost.

What does installment mean?

1 : one of the parts into which a debt is divided when payment is made at intervals. 2a : one of several parts (as of a publication) presented at intervals. b : one part of a serial story. installment.

What is it called when you pay for something over time?

Arrears (or arrearage) is a legal term for the part of a debt that is overdue after missing one or more required payments. … Payment in arrear is a payment made after a service has been provided, as distinct from in advance, which are payments made at the start of a period.

What does payment mean?

Payment is the transfer of money, goods, or services in exchange for goods and services in acceptable proportions that have been previously agreed upon by all parties involved. A payment can be made in the form of services exchanged, cash, check, wire transfer, credit card, or debit card.

What is the formula for calculating monthly payments?

Step 2: Understand the monthly payment formula for your loan type.A = Total loan amount.D = {[(1 + r)n] – 1} / [r(1 + r)n]Periodic Interest Rate (r) = Annual rate (converted to decimal figure) divided by number of payment periods.Number of Periodic Payments (n) = Payments per year multiplied by number of years.

What is opposite of pay?

Antonyms for pay loss, debt, penalty.

How do you ask for a payment professionally?

To request payment professionally, it’s important to first make sure there was no error or miscommunication about the invoice. Send a polite email to your client explaining that the payment is now past due and ask to make sure they received the initial invoice and there were no problems with it.

What is the meaning of per month?

Meaning of per calendar month in English used in business when referring to an amount that is produced, sold, or spent each month: The rent for the house is £1200 per calendar month. SMART Vocabulary: related words and phrases. Relating to regular periods of time.

What do you call a monthly payment?

Noun. Plural for payment of money on a monthly basis. monthly remittances. monthly repayments.

What is another word for payment?

paymentcompensation,disbursement,giving,paying,remitment,remittance,remuneration.

What is another word for monthly?

In this page you can discover 32 synonyms, antonyms, idiomatic expressions, and related words for monthly, like: from month to month, repeated, punctually, cyclical, rhythmic, methodically, periodically, 4-weekly, , every month and recurrent.

How do you calculate monthly payments?

Equation for mortgage paymentsM = the total monthly mortgage payment.P = the principal loan amount.r = your monthly interest rate. Lenders provide you an annual rate so you’ll need to divide that figure by 12 (the number of months in a year) to get the monthly rate. … n = number of payments over the loan’s lifetime.

What does bimonthly mean?

Biweekly and bimonthly can mean the same thing because of the prefix bi-, which here can mean “occurring every two” or “occurring twice in.” Therefore, biweekly can be “twice in a week” or “every other week.” Bimonthly can also mean “every other week” if it’s twice in a month, or it can mean “every other month.”