periodic payments
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periodic payments — A series of payments from an annuity, qualified retirement plan, or 403( b)(7) account made over a certain term of years. A payment from an IRA, even if over a period of years, is not considered a periodic payment for tax purposes. Bloomberg… … Financial and business terms
Substantially equal periodic payments — (SEPP) are one of the exceptions in the United States IRS Code that allows receiving payments without the 10% early distribution penalty from a retirement plan or deferred annuity before the usual 59 1/2 age restriction under certain… … Wikipedia
periodic — Recurring at fixed intervals; to be made or done, or to happen, at successive periods separated by determined intervals of time, as periodic payments of interest on a bond, or periodic alimony payments @ periodic alimony A form of support alimony … Black's law dictionary
periodic payment order — an order in divorce proceedings for regular payments of money. If the court is satisfied that the application of the clean break principle (clean break principle) is inappropriate, it may instead make an order for the payment of a periodical… … Law dictionary
substantially equal periodic payments — ( SEPP) A method of distribution from IRA account assets that under certain conditions is not subject to the IRS s 10% premature withdrawal penalty for those under age 59 1/2. Bloomberg Financial Dictionary … Financial and business terms
Periodic Payment Plan — A type of investment plan, often sold to military personnel, that allows an investor to accumulate shares of a mutual fund indirectly by contributing a small, fixed sum over a period of usually 10, 15, or 25 years. In exchange for these payments … Investment dictionary
periodic payment plan — accumulation of capital in a mutual fund by making regular payments on a monthly or quarterly basis. Bloomberg Financial Dictionary … Financial and business terms
progress payments — are payments made by the purchaser in stages as the seller acquires or builds the property to be sold. A written purchase agreement or contract establishes the seller s rights to claim payments before the property is delivered to the buyer. When… … Financial and business terms
Substantially Equal Periodic Payment - SEPP — A plan that allows individuals who have invested in an IRA or another qualified retirement plan to withdraw funds prior to the age of 59.5 and avoid income tax and early withdrawal penalties. Typically, an individual who removes assets from a… … Investment dictionary
Capitation Payments — Payments agreed upon in a capitation contract by a health insurance company and a medical provider. It is a fixed, pre arranged monthly payment received by a physician, clinic or hospital per patient enrolled in a health plan with a capitated… … Investment dictionary
