Q: What does ‘SHOW CAUSE DEFERRED/INSTALLMENT PAYMENT’ mean? A: You were ordered by the court to pay costs, fines, fees, restitution, etc., which is to be paid before a specific date. You must comply with that order or appear in court to explain why payment has not been made.
What does show cause deferred installment payment mean in KY?
The notice shall indicate that if the defendant has not complied with the installment payment plan by the scheduled date, he or she shall appear on that date to show good cause as to why he or she is unable to satisfy the obligations.
What does a deferred installment payment mean?
In court, a deferred payment is when the defendant agrees to pay expenses (fines, costs, and fees) at the end of a stated term. The defendant is not liable for installment payments in such an agreement.
What is a show cause hearing in KY?
Show-cause hearings occur when the alleged victim of a crime or the police file an Application for a Criminal Complaint with the court. If probable cause is shown, the clerk-magistrate may decide that the complaint be issued. If the complaint is issued, the defendant will be arraigned in the district court.
What is an example of a deferred payment?
What is the definition of deferred payment? The “buy now, pay later” transactions are typical examples of payment deferral. For example, a 0% credit card is deferred revenue for the bank that collects the monthly payment without an additional fee interest rate.
What are the disadvantages of a deferred payment plan?
Disadvantages of a Deferred Payment Agreement
Your care costs aren’t written off – they’re just delayed. The cost of your care will have to be repaid by you or your estate. As this is a loan, your agreed interest and charges are added to the cost of your care fees. Interest is usually applied on a compound basis.
How do you calculate deferred payments?
Y = Duration of payment in years. Therefore if Rs 100 is the Auction Value and Rs 50 is the Upfront Payment, the Total Deferred Payment is = 100 – 50 = Rs 50. If Moratorium period (y) is 2 years, and Duration of payment (Y) is 16 years, and interest charged (r) is 8%, then Easy Yearly Installments is as under.
What happens after show cause notice?
When a student receives a show cause notice it means that the college has already decided upon his/her punishment but is giving the student a final opportunity to respond and avoid being punished. An order to show cause can be used by employers if there are legitimate grounds to dismiss an employee.
What does show cause mean in legal terms?
Primary tabs. Order to show cause (O.S.C.) is a demand of a judge for a party to justify, explain or prove why the court should or should not grant a motion. For example, if a party request a restraining order from a judge, the judge may feel he needs more information before deciding and issue an order to show cause.
What is the meaning of show cause letter?
A ‘show cause letter’ is provided by an employer to an employee in the course of a disciplinary process. It asks the employee to provide an explanation (or ‘show cause’) why they should not face disciplinary action issue – whether about conduct or capacity – in the workplace.
What is payment installment?
Instalment payments refer to a customer paying a bill in small portions throughout a fixed period of time. Start invoicing for free. Instalment payments are a payment plan arranged between the buyer and the seller. It’s usually clearly stated in the payment terms in a contract or on an invoice.
What is 6 months deferred payment?
Deferring a payment means you’re delaying it without violating the loan agreement. A lender may offer interest-free personal loan deferment, meaning interest wouldn’t accrue on the loan when you pause payments. Other lenders continue to charge interest on the loan during that time.
What is deferred transaction?
A deferred transaction is a transaction that is uncommitted when the roll forward phase finishes and that has encountered an error that prevents it from being rolled back. Because the transaction cannot be rolled back, it is deferred.
How does a deferred payment agreement work?
A deferred payment agreement is an arrangement with the local council that lets people use the value of their homes to help pay care home costs. You can delay repaying them back until you choose to sell your home, or until after your death.
Is deferred payment good?
Deferring your loan payments doesn’t have a direct impact on your credit scores—and it could be a good option if you’re having trouble making payments. It still may be a worthwhile trade-off compared with missing a payment altogether, which could lead to late payment fees and hurt your credit.
What does tuition deferred mean?
Deferrment. When a college allows a student the option for tuition deferment, the student is able to pay her tuition fees after the standard payment deadline, without worrying about the possibility of her registration being cancelled or a late payment fee.
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