back payments

back payments
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Burton's Legal Thesaurus. . 2006

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  • back payment — ► HR money that is paid to an employee because of a pay rise at an earlier time, or the act of paying this money: »I am due to receive back payments for the past six months work. ► an amount of money owed that has not been paid back by the… …   Financial and business terms

  • back pay — noun 1. Pay that is overdue 2. Pay for work that was done in the past, often resulting from a back dated pay increase • • • Main Entry: ↑back * * * back pay UK US noun [uncountable] money that is owed to someone who works for a company but that… …   Useful english dictionary

  • back-stop — USA A term used in the financial industry to mean credit support or backup funds for a financial instrument or transaction. For example, letters of credit are often issued to backstop commercial paper in the event that the commercial paper issuer …   Law dictionary

  • Back-End Ratio — A ratio that indicates what portion of a person s monthly income goes toward paying debts. Total monthly debt includes expenses such as mortgage payments (made up of PITI), credit card payments, child support and other loan payments. Lenders use… …   Investment dictionary

  • Balance of payments — In economics, the balance of payments, (or BOP) measures the payments that flow between any individual country and all other countries. It is used to summarize all international economic transactions for that country during a specific time period …   Wikipedia

  • Mobile Payments in India — Mobile Payments is a new and alternate mode of payment using mobile phones. Instead of using traditional methods like cash, cheque, or credit cards, a customer can use a mobile phone to transfer money or to pay for goods and services. A customer… …   Wikipedia

  • balance of payments —    Spain s balance of payments shows the usual cycle of oscillations between surplus years and deficit years. From the early 1960s to the early 1970s there was generally a surplus. But Spain s dependence on imported oil changed the situation… …   Encyclopedia of contemporary Spanish culture

  • Front-end and back-end — are generalized terms that refer to the initial and the end stages of a process. The front end is responsible for collecting input in various forms from the user and processing it to conform to a specification the back end can use. The connection …   Wikipedia

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