interest payment on a loan
21Deferred Interest — The amount of interest that is added to the principal balance of a loan when the contractual terms of that loan allow for a scheduled payment to be made that is less than the interest due. When a loan s principal balance increases because of… …
22loan — 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 …
23interest-free — ˌinterest ˈfree adjective if a loan is interest free, the borrower does not pay interest on it: • the World Bank s interest free loan facility for poor countries • interest free credit * * * Ⅰ. interest free UK US adjective FINANCE ► …
24Loan origination — is the process by which a borrower applies for a new loan, and a lender processes that application. Origination generally includes all the steps from taking a loan application through disbursal of funds (or declining the application). Loan… …
25payment-in-kind — (PIK) USA In the case of bank loans, a feature whereby the interest is added to the principal balance of the loan (referred to as capitalized) instead of being paid to the lender in cash (called cash pay interest). In the case of other securities …
26Loan servicing — is the process by which a mortgage bank or subservicing firm collects the timely payment of interest and principal from borrowers. The level of service varies depending on the type of loan and the terms negotiated between the firm and the… …
27interest repayment — UK US noun [C or U] BANKING, FINANCE ► the payment of interest on a loan: »the six main types of mortgage interest repayment »An economic slowdown may hit profits which are needed to make interest repayments …
28Loan — For other uses, see Loan (disambiguation). Finance Financial markets …
29Interest rate — Finance Financial markets Bond market …
30Loan shark — A loan shark is a person or body that offers illegal unsecured loans at high interest rates to individuals, often backed by blackmail or threats of violence. They provide credit to those who are unwilling or unable to obtain it from more… …
