Payment Power

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Definition: Payment Power

Payment Power
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Full Definition of Payment Power

A Fannie Mae program that permits a borrower to miss a maximum of two mortgage payments during a 12-month period, and up to a maximum of ten skipped payments during the loan’s life.

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/payment-power/
Modern Language Association (MLA):
Payment Power. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
February 03, 2025 https://payrollheaven.com/define/payment-power/.
Chicago Manual of Style (CMS):
Payment Power. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/payment-power/ (accessed: February 03, 2025).
American Psychological Association (APA):
Payment Power. PayrollHeaven.com. Retrieved February 03, 2025
, from PayrollHeaven.com website: https://payrollheaven.com/define/payment-power/

Definition Sources

Definitions for Payment Power are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 16th November, 2021 | 0 Views.