What does monthly periodic payment means?
a monthly periodic payment is a payment made each month at a
specific time each month. This can either be a payment made to an
individual such as an annuity payment, or a payment made from an
individual such as a loan payment.
Related Q&A：
What is interco payment？Well, let me tell you, interco payment typically refers to payments made between different companies or entities within the same corporate group or related organizations. You know, it could be for a variety of reasons like settling debts, sharing costs, or redistributing funds. For example, if one subsidiary owes money to another within a large conglomerate, that would be an interco payment. It's a way to keep the financial transactions organized and transparent within the related business entities. Oh, and it often requires proper documentation and accounting to make sure everything is on the up and up.
