Pay Ahead definition

Pay Ahead. If I make an overpayment, and the overpayment satisfies the next month’s minimum payment, the statement will display “zero” as the next minimum payment;
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Pay Ahead means with respect to any Mortgage Loan, any monthly payment received by the Servicer with respect to such Mortgage Loan during any Collection Period in addition to the monthly payments due on the related due date and intended by the related Mortgagor to be applied to a future due date.
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Examples of Pay Ahead in a sentence

  • Pay Ahead amounts will not be carried beyond two (2) billing cycles.

  • The Minimum Payment Due shown on your statement will give effect to the Pay Ahead feature.

  • The Bank reserves the right to deactivate the Pay Ahead feature for any customer, at another creditor at any time.

  • AMENDMENT OF AGREEMENT – The Bank can change this Agreement, including Interest Charges and the Annual Percentage stored as a Pay Ahead amount will be cleared and the process will begin again when a balance is carried beyond a Rate at any time as permitted by law.

  • Your credit card includes a Pay Ahead feature which permits you to “carry it deems appropriate for the extension of credit or the collection of amounts owed under your Account.

  • Payments made by the Student under the Agreement, including any Pay Ahead amounts and excepting amounts applied to outstanding fees, will be tracked and credited against the Early Completion Amount as if they were payments on a loan.

  • If Student's Individual Earned Income increases, Student's Monthly Payments will increase, though never such that the Student's Total Payments, including any Pay Ahead amounts, exceed the Early Completion Amount.