DEFERRED INTEREST
The amount of interest that is added to the principal balance of a loan when the contractual terms of that loan allow for a scheduled payment to be made that is less than the interest due. When a loan's principal balance increases because of deferred interest, it is known as negative amortization. Adjustable-rate mortgages with a deferrable interest feature are typically known as payment option ARMs. Fixed-rate mortgages with a deferrable interest feature are typically known as graduated-payment mortgages.
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Gift Letter
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Digits Deleted
A designation on an exchange's ticker tape that refers to the absence of one or more price digits caused by tape delay. Digits deleted comes in ...
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Transaction in which payment for an ordered good is made on its delivery date and time. The good will be returned to the seller should the buyer fa ...
Robo-Signer
A mortgage servicing company employee signing foreclosure documents without reviewing them. A robo-signer does not review details of individuals, a ...
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