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Deferred interest mortgage |
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Deferred interest mortgageInterest is not paid during the deferral period. When the period is over, the accumulated interest is added to the original loan. Some lenders add this interest to the total of your loan to give a new loan figure and new interest payments. Others calculate your interest payments on the original loan as normal and then spread the repayment of the deferred interest over a set period of time. The latter method is better for you, as adding the deferred interest to the loan means you end up paying interest on the deferred interest!Deferred interest mortgage Similar MatchesDeferred incomeDeferred incomeAlso known as income drawdown and flexible pension. See 'personal pension plan'. Deferred callDeferred callA provision that prohibits the company from calling the bond before a certain date. During this period the bond is said to be call protected. Periodic purchase deferred contractPeriodic purchase deferred contractA fixed or variable annuity contract for which fixed-amount premiums are paid either monthly or quarterly, and that does not begin paying out until a time elected by the annuitant. Deferred equityDeferred equityA common term for convertible bonds, which recognizes their equity component and the expectation that the bond will ultimately be converted into shares of common stock. Single Premium Deferred Annuity (SPDA)Single Premium Deferred Annuity (SPDA)An IRA-like annuity into which an investor makes a lump-sum payment that is invested in either a fixed-return instrument or a variable-return portfolio, which is taxed only when distributions are taken. Further Suggestionschild deferred endowmentTax deferred retirement plans Deferred nominal life Annuity Deferred account Contingent deferred sales charge (CDSC) Deferred compensation Tax deferred income Deferred interest bond deferred state pension Deferred charge Deferred payment annuity |
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