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Payoff Escrow |
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Payoff EscrowAn escrow, specifically for the purpose of paying off an existing lien. Usually part of an existing escrow, and called a sub escrow.Payoff Escrow Similar MatchesPayoff profilePayoff profileThe slope of a line graphed according to the value of an underlying asset on the x-axis and the value of a position taken to hedge against risk exposure on the y-axis. Also used with changes in value. See: Risk profile. PayoffPayoffThe payment in full of an existing loan or other lien. Appel Loan (Accelerating Payoff Progressive Equity Loan)Appel Loan (Accelerating Payoff Progressive Equity Loan)A residential property loan which calls for a payment increase over the first 6 years. Level payments are made for the remaining years and the loan paid off during the 15th year. There is no prepayment penalty and P.M.I. is required. Payoff diagramPayoff diagramIn option pricing, a graph of the value of the option position at expiration as a function of the underlying asset price. |
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