HomeDefinitionsCompareDebt Payments patternThe financial definition for Payments pattern:Describes the collection pattern of receivables. The pattern might describe the probability that a 72-day-old account will still be unpaid when it is 73 days-old. Similar MatchesBalance of paymentsBalance of paymentsA statistical compilation formulated by a sovereign nation of all economic transactions between residents of that nation and residents of all other nations during a stipulated period of time, usually a calendar year. Clearing House Automated Payments System (CHAPS)Clearing House Automated Payments System (CHAPS)A computerized clearing system for sterling funds that began operations in 1984. It includes 14 member banks, nearly 450 participating banks, and is one of the clearing companies within the structure of the Association for Payment Clearing Services (APACS). Clearing House Interbank Payments System (CHIPS)Clearing House Interbank Payments System (CHIPS)An international wire transfer system for high-value payments operated by a group of major banks. Further SuggestionsInstallment paymentsInterest payments Lag response of prepayments Payments netting Periodic payments Prepayments Progress payments Click to compare definitions of Payments pattern Click to view definitions beginning pa |