Deferred Payment

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Standard of deferred payment - A standard of deferred payment is the accepted way (in a given market) to settle a debt. For example, while the gold standard reigned, gold or any currency convertible to gold at a fixed rate constituted such a standard.

Electronic bill payment - Electronic bill payment is a feature of online banking, similar in its effect to a giro, allowing a depositor to send money from his demand account to a creditor or vendor such as a public utility or a department store to be credited against a specific account. The payment is optimally executed electronically in real time, though some financial institutions or payment services will wait until the next business day to send out the payment.

Down payment - The term "down payment" is used in the context of buying large expensive items like cars and houses, whereby a loan is required to make the full payment. The down payment is the initial upfront portion of the payment, usually given in cash.

Balloon payment mortgage - A balloon payment mortgage is a mortgage that has a final payment that is much larger than a regular payment.

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Direct Loan Servicing - ... direct loan accounts. View and update demographic data; view account summary for your Direct Loan account; view a detailed history of all payments made to your account; take the Online Exit Counseling Session; change repayment plan or payment due date; or request and determine eligibility for a deferment or forbearance.

Bush signs bill to defer student loan payments for active-duty troops - [CNN]

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