payment — noun 1 paying/being paid ADJECTIVE ▪ immediate (esp. BrE), prompt ▪ late ▪ penalties for late payment of tax ▪ early (esp. BrE) ▪ … Collocations dictionary
loan — n 1 a: money lent at interest b: something lent usu. for the borrower s temporary use 2: a transfer or delivery of money from one party to another with the express or implied agreement that the sum will be repaid regardless of contingency and usu … Law dictionary
Amortization schedule — An amortization schedule is a table detailing each periodic payment on a amortizing loan (typically a mortgage), as generated by an amortization calculator. While a portion of every payment is applied towards both the interest and the principal… … Wikipedia
Fully Amortizing Payment — A periodic loan payment, part of which is principal and part of which is interest, where if the borrower makes payment according to the loan s amortization schedule, the loan will be paid off by the end of its set term. If the loan is a fixed… … Investment dictionary
Balloon payment mortgage — A balloon payment mortgage is a mortgage which does not fully amortize over the term of the note, thus leaving a balance due at maturity.Wiedemer, John P, Real Estate Finance, 8th Edition , p 109 110] The final payment is called a balloon payment … Wikipedia
Air America-Gloria Wise loan controversy — In July 2005, the [http://www.gothamgazette.com/community/12/news Bronx News ] reported Gloria Wise Boys and Girls Clubs of Co op City loaned $480,000 to Progress Media, then owner of Air America Radio. The Gloria Wise group claims to be a non… … Wikipedia
Amortization Schedule — A complete schedule of periodic blended loan payments, showing the amount of principal and the amount of interest that comprise each payment so that the loan will be paid off at the end of its term. Early in the schedule, the majority of each… … Investment dictionary
Balloon payment — The phrase balloon payment or bullet payment refers to one of two ways for repaying a loan; the other type is called amortizing payment or Amortization (business) .With a balloon loan , a balloon payment is paid back when the loan comes to its… … Wikipedia
international payment and exchange — ▪ economics Introduction international exchange also called foreign exchange respectively, any payment made by one country to another and the market in which national currencies are bought and sold by those who require them for such… … Universalium
Student loan — A student loan is designed to help students pay for university tuition, books, and living expenses. It may differ from other types of loans in that the interest rate may be substantially lower and the repayment schedule may be deferred while the… … Wikipedia
Amortizing loan — In banking and finance, an amortizing loan is a loan where the principal of the loan is paid down over the life of the loan, according to some amortization schedule, typically through equal payments.Similarly, an amortizing bond is a bond that… … Wikipedia