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What does 402 stand for?

402 stands for Payment Required (HTTP status code; never used, intended as error for nonpayment)

This definition appears very frequently and is found in the following Acronym Finder categories:

  • Information technology (IT) and computers

Samples in periodicals archive:

Additionally, the AFR interest paid under the installment note, which flows back into the grantor's estate, is less than the 120%-of-AFR annuity payment required under the GRAT rules.
Beyond leveraging unencumbered fixed assets or arranging a second mortgage from the vendor, the only alternative is to find a lender not bound by strict formulas that can use term funds, either alone or in combination with subordinated debt, or find a private investor that will provide the down payment required to obtain a loan from a conventional lender.