Business Glossary

Passed Funds Check Indicator

A flag indicating whether the transaction has passed funds check

Password Policy

Patient Care

This is a calculated field based on the Direct/Indirect Cost from Sponsor for account 55226

Pay Calendar Begin Date

Start date of a pay period

Pay Calendar CHK_DT

This date is the pay date commonly associated with a second or manual payment. In normal circumstances, a job promotion or a job movement could happen within a pay period, and the change in pay rate is achieved by generating an extra payment, the date of this payment corresponds to a Pay calendar CHK_DT.  There are other circumstances where payments are not the same as the Pay Period Pay Date therefore this same definition will apply.  

Pay Calendar End Date

End date of a pay period

Pay Calendar Pay Code

Pay Calendar Pay Code is the code used for the type of pay cycle for the employee

Pay Calendar Year

The calendar year in which the pay period falls

Pay Cycle

The number of pays per year employees in the pay group will receive.

Pay Doc Code

Code associated with a Payment Document

Pay Frequency

Displays the frequency of pay which is determined by Factor over pay.

Pay Group Code

Identifier for Pay Group Code

Payment Amount

The amount of the payment reflected for the student's agency contract

Payment Apply Date

The date the cash application was applied.

Payment Check ID

Uniquely identifies a check number

Payment Currency Code

Identifier for Payment Currency Code

Payment Date

The date the payment was issued to the bank.

Payment Due Days

Number of days until the payment is due.

Payment GL Date

The date the payment transaction was posted to the General Ledger

Payment Number

Checks may be paid over multiple payments. This payment number will usually be 1.

Payments Involving Services

This category is defined as payments made with respect to teaching, research and/or other activities performed for the benefit of the University, including activities for the University that may be associated with the student’s course of study and educational experience. These payments are considered to be taxable to the recipients, and the University is required to withhold federal and state taxes and report such payments to the IRS. (In the case of international students, different withholding and reporting rules apply.) Individuals who engage in such teaching, research and/or similar activities shall not be paid for these efforts through a tuition credit on their student account or by being awarded a stipend, although their total support package may include a tuition award and/or a stipend.

Payment Status

Payment status of invoice

Payment Status Flag

Designates when the payment for the record is fully processed and applied.

Payment Tax Year

The tax year that the payment was made.

Payment Type

Method of payment receipt