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Stepped discount mortgage |
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Stepped discount mortgageWhere the discount is, for example, fixed at one level for one year and then a slightly lesser level for two further years. Remember it is the percentage discount that is stepped and not the monetary amount, so your repayment can still vary.Stepped discount mortgage Similar MatchesDiscount InterestDiscount InterestInterest at a beginning of the loan. For example if you take out a one-year loan of $100 at a discount interest rate of 10%, you would receive $90 at the outset. Discounted rate mortgageDiscounted rate mortgageA mortgage which guarantees the interest rate charged will remain a set number of percentage points below the lender's standard variable rate. The rate changes as base rate moves up and down, but the relationship between base rate and the rate you pay remains constant. Accretion (of a discount)Accretion (of a discount)In portfolio accounting, a straight-line accumulation of capital gains on a discount bond in anticipation of receipt of par at maturity. Volume discountVolume discountA reduction in price based on the purchase of a large quantity. Discount rateDiscount rateThe interest rate at which the US Federal Reserve lends money to member banks. Further SuggestionsUnamortized bond discountDiscount period Pure discount bond dividend discount model Accrued discount Rediscount Discounted basis Discounted dividend model (DDM) Dividend Discount Return Forward discount Discount factor Accrued market discount Discount payment discount yield Discount Points Discount Arbitrage Discount rate deep discount Dividend Discount Model (DDM) Forward discount Discount bond Original Issue Discount securities (OIDS) Discounted cash flow (DCF) Straight Discount Discount broker |
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