Payment Option definition

Payment Option. An elected option resulting in a series of periodic payments beginning on the Annuity Date as further defined in the Annuity Provisions and Payment Option Section.
Payment Option means the player's selection of a method of payment of the jackpot amount in accordance with 65 IAC 5-10-4 [section 4 of this rule].
Payment Option means any of the following forms of distribution:

Examples of Payment Option in a sentence

  • The Annuity Payment Option may not be changed after the Annuity Commencement Date.

  • To enroll in the Automatic Payment Option (APO), you will need to mail us a completed authorization form with a voided check attached to it.

  • An election to receive payments under an Annuity Payment Option must be made by the Maturity Date.

  • To enroll in the Automatic Payment Option (APO):• Go to www.fhcpmedicare.com and select the Member Portal link in the tool bar at the top of the page.• Once in the member portal, click on the "Pay my bill" link in either the My Quick Links or My Resources sections at the top of the page.

  • By Owner Prior to the Annuity Commencement Date, the Owner may choose or change any Annuity Payment Option.


More Definitions of Payment Option

Payment Option means, with respect to a Guaranteed Lump Sum, an option in favour of the person(s) to whom such Sum is payable, exercisable by notice to the Administrator in writing, to have same made in instalments over a period not exceeding Five (5) Years, computed on such terms as the Administrator deems proper; and
Payment Option loan means that in the years imme- diately after securing a mortgage loan, you can pay even less than the interest you are being charged. The unpaid interest is added to your loan, so the amount you owe gets bigger. The very low payments in early years create the risk of very large increases in your monthly payment later. Payment option loans are typically advertised using only the very low beginning or “teaser” required pay- ment, which is less than the interest rate. You absolutely need to know four things: (1) How long is the beginning payment good for? (2) What happens then? (3) How much is added to my loan if I pay the minimum rate? (4) What is the fully-indexed rate?
Payment Option means making a payment to the City in lieu of providing low-income
Payment Option means the number of installments available under the EPP for the purchase of the Product.
Payment Option means the payment option selected by the Resident in the Schedule, which corresponds to the relevant option in Annexure A hereto;
Payment Option means making a payment to the City in lieu of providing low- 18
Payment Option means, except as limited below, any of the annuity options or income options or settlement options or other options for payment that are available under the applicable Investment Contract(s)