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2. Debt settlement - Wikipedia

   en.wikipedia.org/wiki/Debt_settlement

   Debt settlement allows the debtor to spread payments out over a set term, instead of having to pay a lump sum in one go which is the case with full and final settlement. UK debt settlement is not to be confused with full and final settlement, where debt management companies have been known to hold on to client funds ; in which case the ...

3. Accord and satisfaction - Wikipedia

   en.wikipedia.org/wiki/Accord_and_satisfaction

   At completion, the homeowner complained about inferior work quality and refused to make the final payment. After a mutual settlement agreement, the builder accepted $4,000 as full payment. Thereby, a new contract was formed by offer, acceptance, and consideration.

4. Lien waiver - Wikipedia

   en.wikipedia.org/wiki/Lien_waiver

   Owners should demand this release when they are paid in full. Some states allow an Unconditional Release upon final payment that is used to induce the final payment. It is an inherent vagary in the lien release law. In the United States, some states only use a conditional waiver on progress payment and an unconditional waiver on final payment.

5. Personal contract purchase - Wikipedia

   en.wikipedia.org/wiki/Personal_contract_purchase

   The monthly payment amount is determined by the amount of the initial payment (the ‘deposit’), which can be negotiated with the financing company, and the final balloon payment, which is set by the financing company. The financing company is likely to be represented in this discussion by either a car dealer or automotive finance broker. [6]

6. Balloon payment mortgage - Wikipedia

   en.wikipedia.org/wiki/Balloon_payment_mortgage

   With full amortization, the amortization schedule has been set so that the last periodical payment comprises the final portion of principal still due. With partial amortization, a balloon payment will still be required at maturity, covering the part of the loan amount still outstanding. This approach is very common in automotive financing where ...

7. I lost my dad to cancer and no final payment was made ... - AOL

   www.aol.com/finance/lost-dad-cancer-no-final...

   However, do keep in mind that as a co-owner or co-signer you maintain responsibility for the account and have to make sure the card gets paid on time and in full from here on out.