Payments that are made without direct action. For example on many credit cards you can set up automatic payments which will pay a specific amount on a set date at an interval of time of your choice, typically monthly.

Previous Terms: 1031 Exchange, 1035 Exchange, AARP, Abeyance, Abstraction Principle, Accelerated Amortization, Acceptance Credit, Acceptance of a Bill of Exchange, Accommodation Bill, Accommodation Endorser