Deferment Period definition

Deferment Period means the period from Date of Inception till the date on which the first annuity payment is made by Us to the Annuitant as per Deferred Life Annuity Option. For this Policy under Deferred Life Annuity with Return of Purchase Price Option, the Deferment Period will be between 1 to 10 years (Integer Value) as chosen by the Annuitant at Date of Inception and is as specified in the Policy Schedule.

Deferment Period means certain periods when no principal repayments need be made on FFELP Loans.

Deferment Period means the number of days a

Examples of Deferment Period in a sentence

The Benefit Period and the Deferment Period are as stated in the Schedule of Benefits.
Under Deferred Life Annuity option, Policy loans will be available during Deferment Period subject to such terms and conditions as the Company may specify from time to time.
The “Repayment Period” will begin on the date after the Deferment Period ends.
If I have elected to defer payment of principal, I will be obligated to make interest only payments during the Deferment Period.
Failure to make interest only payments when due during the Deferment Period will be a default as provided in paragraph H.1.

Deferment Period means the period which is defined as the difference between the policy term and 2x Income Payout Period.

Deferment Period means the period at the end of which the benefits (Annual Payout) commences. The policyholder has an option to choose the deferment period as 0 or 5 years. If the policyholder has chosen 0, then the Annual Payout will commence at the end of PPT and if the policyholder has chosen 5 years, the Annual Payout will be deferred and commence after 5 years from the end of PPT. The Deferment Period chosen by the Policyholder at the inception of the policy cannot be changed during the Policy Term.

Deferment Period means the period, as specified in Schedule, at the end of which the Policyholder becomes entitled to receive the survival benefits in accordance with Section 5.

Deferment Period means the period (in complete years) chosen by the policyholder to postpone the Income Payout Period. Deferment period starts after the end of Premium Payment Term. Deferment Period chosen at inception cannot be altered during Policy Term.

Deferment Period means the period specified in the Schedule

Deferment Period means the period of time whilst Your Vehicle is Inoperative during which no payment will be made by Us.

Deferment Period means certain deferment periods authorized by the Higher Education Act and the HEAL Act during which the related borrower's scheduled payments are deferred.