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periodic payment

   Also found in: Financial 0.01 sec.
See: installment, premium
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MANAMA: Saad Trading, Contracting & Financial Services yesterday said the Golden Belt 1 Sukuk Company was unable to make a periodic payment as scheduled on a $650 million sukuk due in 2012.
Sukuk firm in payment crisis by Gulf Daily News (Manama, Bahrain)
The Service determined that by taking the two additional payments, she had impermissibly modified her series of payments before she reached age 59 1/2, and therefore the substantially equal periodic payment exception was no longer effective for the 2004 distribution.
No penalty tax on additional IRA distributions by Reichert, Charles J. / Journal of Accountancy
According to Georgia law, in order to state a claim for the modification of alimony payments the petitioner must demonstrate to the court that (1) the final decree awarded permanent alimony payments payable by (or to) the petitioner, and (2) the permanent alimony payments are payable in periodic payments rather than in a fixed or lump sum award (which is not subject to modification).
"Live-in-Lover" Laws Beware Your Alimony Payments! by Jeffrey Ellerman, Esq. / Law community
 
 
 
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