Common use of Universal Deferred Payments Clause in Contracts

Universal Deferred Payments. The Care Act 2014 established a requirement for a universal deferred payments scheme which means that people should not be forced to sell their homes in their lifetime to pay for the cost of their care. A deferred payment is, in effect, a loan against the value of the property which has to be repaid either from disposal of the property at some point in the future or from other

Appears in 2 contracts

Sources: Annual Strategic Agreement, Annual Strategic Agreement