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The meaning of PAY IN FULL is to pay all of the money owed (for a bill or debt). How to use pay in full in a sentence.
Jun 10, 2019 · "Paid," or "paid in full," is the term applied to installment accounts, like car loans, after the last payment is made and you have completed repayment of the loan as agreed. Since you can't use the account for anything else, once a loan is paid in full, it is essentially closed.
Dec 20, 2021 · The idea being that the payor’s offer of something less than what is actually owed would be in satisfaction of the entire debt when the payee cashes a check marked “payment in full.”. In this situation, accord generally means to agree or concur.
Feb 29, 2024 · Paying in Full. When you pay back everything you owe, including the principal, interest charges, and outstanding fees, then you have paid in full. This means that you don’t have to pay anymore, and your credit score will reflect the conclusion of your fiscal responsibility.
Paid in Full or “Payment in Full” means, with respect to any Obligations (a) the payment in full in cash of all such Obligations (other than contingent indemnification and expense reimbursement obligations to the extent no claim giving rise thereto has been asserted) and (b) the termination or expiration of all of the Commitments.
Paid In Full (PIF) is when the full amount owed on a credit card--including principal, interest, and any fees--is covered by a cardholder's payment.
Mar 1, 2023 · A paid-in-full letter refers to a letter that you either write to a creditor or ask a creditor to send to you that confirms you have paid the debt you owed in full. Whether you are making your last payment or have already paid off the debt, this letter offers validation that you owe nothing more to the creditor. [1]
