Account Terms

    Terms Frequency: Definition

    How often payments are due on an account.

    Definition

    Terms Frequency indicates how often payments are scheduled on an account. The most common value is Monthly (M), but other options include Weekly (W), Bi-weekly (B), and Semi-monthly (S). This affects how payment history is interpreted.

    Examples

    • M = Monthly
    • W = Weekly
    • D = Deferred

    Usage Notes

    • Monthly is most common
    • Affects interpretation of payment amounts
    • Should match actual billing schedule

    Related Metro 2 Fields

    28
    Terms Frequency
    Position 194-194

    Related Terms

    Terms DurationScheduled Monthly Payment Amount

    More Account Terms

    Account Status
    A code indicating the current condition of an account.
    Account Type
    A code specifying the type of credit account.
    Account Number
    The unique identifier assigned to a credit account.
    Amount Past Due
    The total amount currently overdue on an account.
    Current Balance
    The total outstanding balance on an account.
    Credit Limit
    The maximum amount of credit available on a revolving account.
    Highest Credit
    The highest balance ever recorded on the account.
    Original Loan Amount
    The initial amount borrowed on an installment account.

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    Terms Frequency - Metro 2 Glossary