(a) balance of payment
51graduated-payment mortgage — ( GPM) A type of stepped payment loan in which the borrower s payments are initially lower than those on a comparable level rate mortgage. The payments gradually increase over a predetermined period (usually 3, 5, or 7 years), and then are fixed… …
52single payment loan — loan in which the balance is paid off in one payment …
53down payment — noun Date: 1926 a part of the full price paid at the time of purchase or delivery with the balance to be paid later; broadly the first step in a process …
54BOP — abbr. balance of payment …
55Credit card — Personal finance Credit and debt Pawnbroker Student loan Employment contract Salary Wage Empl …
56Negative amortization — In finance, negative amortization, also known as NegAm, deferred interest or graduated payment mortgage, occurs whenever the loan payment for any period is less than the interest charged over that period so that the outstanding balance of the… …
57ECONOMIC AFFAIRS — THE PRE MANDATE (LATE OTTOMAN) PERIOD Geography and Borders In September 1923 a new political entity was formally recognized by the international community. Palestine, or Ereẓ Israel as Jews have continued to refer to it for 2,000 years,… …
58Commercial mortgage — Finance Financial markets Bond market …
59Bretton Woods system — The Bretton Woods system of monetary management established the rules for commercial and financial relations among the world s major industrial states. The Bretton Woods system was the first example of a fully negotiated monetary order intended… …
60Net foreign assets — In economics, the concept of net foreign assets relates to balance of payment identity. The net foreign asset (NFA) position of a country is the value of the assets that country owns abroad, minus the value of the domestic assets owned by… …
