Single payment bond


 

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Single payment bond

A bond that makes only one payment of principal and interest.



Single payment bond

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Graduated payment

Graduated payment

Repayment terms calling for gradual increases in the payments on a closed-end obligation. A graduated payment loan usually involves negative amortization.


Payment holiday

Payment holiday

A short break from regular mortgage repayments, sometimes offered with flexible mortgages. This can sometimes be a useful feature for self-employed people or others with irregular income.


Graduated Payment Mortgage

Graduated Payment Mortgage

A mortgage or deed or trust calling for increasingly higher payments over the term of the loan. This allows the buyer low beginning payments. The payments then increase as (theoretically) the buyer's earnings increase.


Transfer payments

Transfer payments

Payments from a government to its citizens, such as welfare and other government benefits.


Annualised payment scheme

Annualised payment scheme

Although the borrower pays interest at a variable rate, which can change from month to month, the lender charges a set amount of interest each month and then adjusts the balance at the end of the year.


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