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Discover Ludwig"skip payment" is a correct and usable phrase in written English
It is commonly used in finance and banking contexts, where it refers to the act of skipping or deferring a scheduled payment. Example: "Due to financial difficulties, the borrower was granted permission to skip their mortgage payment for the month of June."
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The plan was purposely overfunded so that the state could skip payments for several years.
Peach Bottom settled, with the department agreeing that the plant could skip payments equal to the price of the casks.
Certain homeowners have been eligible to skip payments for three or four months, far shorter than most unemployed people need to get back on their feet.
Mr. Ryan says such calculations are difficult because Household allows many borrowers in distress to skip payments without classifying their loans as past due.
Critics also argue that Mrs. Bair's program, as well as others sought by Congressional Democrats, fail to adequately distinguish between homeowners who are genuinely at risk and those who might skip payments just to qualify for a modification.
Normally, the Internal Revenue Service can impose excise taxes on companies that miss their annual pension contributions, and the Pension Benefit Guaranty Corporation automatically places liens on the assets of companies that skip payments.
Previously, borrowers could reach out to their mortgage servicer, to whom the monthly payments are sent, which in turn could seek Fannie Mae's permission to allow the borrower to skip payments and often add the missed payments to the end of the mortgage term.
Under a deferment your lender allows you to skip payments, generally for up to one year.
Under a deferment, your lender will allow you to skip payments, generally for up to a year at a time.
Like deferment, going into forbearance means that you're reaching an agreement with your lender that will allow you to skip payments for a set period of time.
Like deferment, forbearance results from your reaching an agreement with your lender that allows you to skip payments for a set period of time.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com