Deferment Fee Table

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Use this optional routine to create a table of deferment amounts and their accompanying flat dollar fees. If you create a table of fees, these fees are assessed when you defer installment payments for a contract. The fee assessed is based on the corresponding deferment amount. The table is built in ascending deferment amount order.

If you do not create a table, deferment fees are not assessed.

Deferment $The amount entered here is used to determine the deferment fee to be assessed. If the amount deferred for this contract is equal to or greater than this amount, but less than the next higher Deferment Amount in this table, the corresponding Fee is assessed.

Fee $This is the flat dollar amount that is charged as the deferment fee for the corresponding deferment amount.