interest payment on a loan
91Deferred Interest Mortgage — A mortgage loan that allows the borrower to make minimum payments that are less than the entire amount of interest owed. The remaining interest is added to the amount of loan to be paid off. This is considered to be a negative amortization. The… …
92Second lien loan — (or last out participation) is a form of loan with a security interest in the assets of a company that are second in ranking behind a traditional senior credit facility. A lien is a form of security interest granted over an item of property to… …
93balloon payment — A contractually required loan payment, almost always the final payment, that is larger than the other contractually required, periodic loan payments. Results from the fact that required, periodic loan payments are too small to fully amortize the… …
94savings and loan association — a cooperative savings institution, chartered and regulated by a state or the federal government, that receives deposits in exchange for shares of ownership and invests its funds chiefly in loans secured by first mortgages on homes. Also called… …
95Amortized Loan — A loan with scheduled periodic payments of both principal and interest. This is opposed to loans with interest only payment features, balloon payment features and even negatively amortizing payment features. Borrowers who choose amortized loans… …
96Shared Interest — Infobox Company company name = Shared Interest company company type = Co operative slogan = Investing in a Fairer World foundation = 1990 location = 2 Cathedral Square, Groat Market, Newcastle,NE1 1EH, Tyne Wear key people = Patricia Alexander… …
97Simple-Interest Mortgage — A mortgage where interest is calculated on a daily basis, as opposed to a traditional mortgage where interest is calculated on a monthly basis. On a simple interest mortgage, the daily interest charge is calculated by dividing the interest rate… …
98Non-Amortizing Loan — A type of loan in which payments on the principal are not made, while interest payments or minimum payments are made regularly. As a result, the value of principal does not decrease at all over the life of the loan. The principal is then paid as… …
99Amortizing 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… …
100parallel loan agreement — a contract between the project company and a subcontractor, separate to (or parallel to) the subcontract to which it relates, in which the parties agree that if the subcontractor is entitled to payment from the project company, but the project… …
