interest-only credit
91Real interest rate — The real interest rate is approximately the nominal interest rate minus the inflation rate (see Fisher equation and below for exact equation). Since the inflation rate over the course of a loan is not known initially, volatility in inflation… …
92Production Credit Association - PCA — A federal instrumentality created by Congress through the Farm Credit Act of 1933 to provide short and intermediate term credit to farmers, ranchers and rural residents. The credit was extended so the recipients could purchase housing, perform… …
93Revolving credit — is a type of credit that does not have a fixed number of payments, in contrast to installment credit. Examples of revolving credits used by consumers include credit cards. Corporate revolving credit facilities are typically used to provide… …
94Alberta Social Credit leadership convention, 1968 — The Alberta Social Credit leadership convention, 1968 took place in the Jubilee Auditorium in Edmonton on December 4, 1968 for the purpose of selecting a candidate to replace Ernest Manning as leader of the Social Credit Party of Alberta. Because …
95open-end credit — Types of credit extensions that permit borrowers to add to the amount borrowed, usually in irregular amounts, at various times subsequent to the granting of the credit. Examples include credit card loans, personal lines of credit, and home equity …
96short interest — The withholding tax system that applies to UK borrowers only requires income tax to be withheld from yearly or annual interest. Short interest can always be paid gross. Interest is annual or yearly interest, in general, if the debt on which it is …
97Bank of Credit and Commerce International — Scheich Zayed bin Sultan Al Nahayan (1998) Die Bank of Credit and Commerce International (BCCI) war eine 1972 in Pakistan gegründete internationale Großbank. Auf dem Höhepunkt ihrer Geschichte operierte das Institut in 78 Ländern, hatte über 400… …
98Mortgage Interest — The interest charged on a loan used to purchase a residence. Mortgage interest is charged for both primary and secondary loans, home equity loans, lines of credit, and as long as the residence is used to secure the loan. Mortgage interest is… …
99Controlling interest — Accountancy Key concepts Accountant · Accounting period · Bookkeeping · Cash and accrual basis · Cash flow management · Chart of accounts  …
100Mortgage Credit Certificates — A certificate provided by the originating mortgage lender to the borrower that directly converts a portion of the mortgage interest paid by the borrower into a non refundable tax credit. Mortgage credit certificates can be issued by either loan… …
