LEVEL PAYMENT MORTGAGE
A mortgage that requires the same payment every month or every period, for the entire loan term. At the beginning, almost the whole installment amount goes to paying off loan interest. But as the value of total loan decreases, an increasing portion of the installment is set for the principal loan. The level payment mortgage lets borrowers to know exactly the amount they need to pay on the mortgages every pay period. It is payable in three, five, or ten years, depending on the agreement of both parties. Its stability makes it easier for borrowers to allot a budget and stick to it. This mortgage can be fixed or variable-rate loans.
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Liquidity Adjustment Facility
A tool in monetary policy where banks are allowed to borrow money through repurchase agreements, and to respond to liquidity pressures. The governm ...
Data Warehousing
Electronic storage of information in a business or corporation. It should be secure, reliable and easy to retrieve and manage. It originated in 198 ...
One-Tailed Test
A statistical test where the critical area of a circulation is one-sided so that it is either less than or greater than a specific value, but not b ...
Less-than-Truckload
A shipping service that carries small loads of freight, weight between partial and full truckload. The service is being offered by many large and n ...
Original Cost
It simply refers to the total cost associated in buying an asset.
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