Partial payment refers to the offering of a payment by check for less than the full amount claimed by the creditor. Such an offer for debt discharge by tender of a `payment-in-full` check is a common practice. If the amount tendered is not grossly insufficient, it presents the creditor with a tough business decision: Will I accept the $9,000 and.....
Found on
http://en.wikipedia.org/wiki/Partial_payment
a payment that is less than the total amount owed on a monthly mortgage payment. Normally, lenders do not accept partial payments. The lender may make exceptions during times of difficulty. Contact your lender prior to the due date if a partial payment is needed.
Found on
https://www.encyclo.co.uk/local/21674
No exact match found.
