Difference between revisions of "Schedule Stub"
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== Definition == | == Definition == | ||
| − | '''Schedule Stub'''. A date period before the start of the recurring part of a | + | '''Schedule Stub'''. A date period before the start of the recurring part of a [[Payment Schedule]] or after the end of the recurring part, which may be associated with a specific occurrence kind. |
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== Example == | == Example == | ||
A 30 year mortgage calls for monthly payments on the first day of each month, according to a RegularSchedule. If the mortgage does not start on the first day of a calendar month, then an initial ScheduleStub specifies the payment due for the DatePeriod up to the first day of the next calendar month. Similarly, a final ScheduleStub specifies the last payment due for the DatePeriod after the end of the last full calendar month. | A 30 year mortgage calls for monthly payments on the first day of each month, according to a RegularSchedule. If the mortgage does not start on the first day of a calendar month, then an initial ScheduleStub specifies the payment due for the DatePeriod up to the first day of the next calendar month. Similarly, a final ScheduleStub specifies the last payment due for the DatePeriod after the end of the last full calendar month. | ||
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[[Category:Financial Dates]] | [[Category:Financial Dates]] | ||
| − | + | [[Category:Payments And Schedules]] | |
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Latest revision as of 14:07, 21 May 2024
Definition
Schedule Stub. A date period before the start of the recurring part of a Payment Schedule or after the end of the recurring part, which may be associated with a specific occurrence kind.
Example
A 30 year mortgage calls for monthly payments on the first day of each month, according to a RegularSchedule. If the mortgage does not start on the first day of a calendar month, then an initial ScheduleStub specifies the payment due for the DatePeriod up to the first day of the next calendar month. Similarly, a final ScheduleStub specifies the last payment due for the DatePeriod after the end of the last full calendar month.
