There are some specific settings for recurring gifts. These are particular useful for direct giving programs and determine how incoming gifts should be treated in relation to the recurring gift template on the constituent record. Other settings available on this tab allow you to determine what to do if a pledge payment exceeds the value of the pledge total.
These setting will become useful when importing Recurring Gifts and Pledges
For setting up a recurring gift or installment schedule see Importing Recurring Gift or Installment Schedules.