Custom Payments definition
Custom Payments. This means the payment is a set dollar amount or a fraction or percent of the highest balance of this type on any statement closing date. The payment will not change unless, on a future statement closing date, the balance increases above the highest balance.
Examples of Custom Payments in a sentence
The Minimum Payment Due is the sum of: • Any past due amounts; plus • The payment for Regular Payment Terms (see Regular Payment Terms below); plus • The payment(s) for any balances with Payment in Full/’Equal Payments’ or Custom Payments (see Special Payment Terms below).
The Minimum Payment Due is the sum of: • Any past due amounts; plus • The payment for Regular Payment Terms (see Regular Payment Terms below); plus • The payment(s) for any balances with Payment in Full/’Equal Payments’or Custom Payments (see Special Payment Terms below).