Aging schedule

A table of accounts receivable broken down into age categories (such as 0-30 days, 30-60 days, and 60-90 days), which is used to see whether customer payments are keeping close to schedule.

Similar financial terms

Dollar cost averaging
A system of investing in which an unchanging dollar amount is invested at regular intervals, regardless of share price.

Amortization schedule
The principal repayment of a bonds issue can call for either (a) the total principal to be repaid at maturity or (b) the principal repaid over the life of the bond. The latter refers to a schedule of payments which is normally called an amortization schedule. Loans that have this feature are car loans and home mortgage loans.

Scheduled cash flows
The mortgage principal and interest payments due to be paid under the terms of the mortgage not including possible prepayments.

Mandatory redemption schedule
Schedule according to which sinking fund payments must be made.

Loan amortization schedule
The schedule for repaying the interest and principal on a loan.

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Plain vanilla bond

A typical ‘plain vanilla’ bond issued in the United States specifies (a) a fixed date (maturity or expiry date) when the amount borrowed (the principal or face value) is due, and (b) the contractual amount of interest which typically is paid every six months in the US and once a year on the European continent. A plain vanilla bond has a known cash flow pattern.

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