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Bullet Loan
In banking and finance, a bullet loan is a loan where a payment of the entire principal Principal may refer to: Title or rank * Principal (academia) The principal is the chief executive and the chief academic officer of a university A university ( la, universitas, 'a whole') is an educational institution, institution of higher ... of the loan, and sometimes the principal and interest, is due at the end of the loan term. Likewise for bullet bond. A bullet loan can be a mortgage, bond, note or any other type of credit px, Domestic credit to private sector in 2005 Credit (from Latin Latin (, or , ) is a classical language belonging to the Italic languages, Italic branch of the Indo-European languages. Latin was originally spoken in the area around Rome, k .... In bullet loan one can choose to pay only the interest amount and bulk amount can be paid later at the time of the maturity of loan or as agreed by the financial institution. This arrangement is convenient to ind ...
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Debt
Debt is an obligation that requires one party, the debtor A debtor or debitor is a legal entity (legal person) that owes a debt Debt is an obligation that requires one party, the debtor, to pay money or other agreed-upon value to another party, the creditor. Debt is a deferred payment, or series ..., to pay money In a 1786 James Gillray caricature, the plentiful money bags handed to King George III are contrasted with the beggar whose legs and arms were amputated, in the left corner">174x174px Money is any item or verifiable record that is generally a ... or other agreed-upon value to another party, the creditor A creditor or lender is a party 300px, '' Hip, Hip, Hurrah!'' (1888) by Peder Severin Krøyer, a painting portraying an artists' party in 19th century Denmark A party is a gathering of people who have been invited by a host A host is .... Debt is a deferred payment, or series of payments, which differentiates it from an immediate purc ...
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Credit (finance)
Credit (from Latin Latin (, or , ) is a classical language belonging to the Italic languages, Italic branch of the Indo-European languages. Latin was originally spoken in the area around Rome, known as Latium. Through the power of the Roman Republic, it became ... ''credit'', "''(he/she/it)'' believes") is the trust which allows one party A party is a gathering of people who have been invited by a host A host is a person responsible for guests at an event or for providing hospitality during it. Host may also refer to: Places *Host, Pennsylvania, a village in Berks Cou ... to provide money Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts, such as taxes, in a particular country or socio-economic context. The main functions of money are distinguished as: a ... or resources A resource is a source or supply from which a benefit is produced and that has some utility. Resources ...
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Equated Monthly Installment
An equated monthly installment (EMI) is defined by Investopedia Investopedia is a financial website headquartered in New York City New York, often called New York City to distinguish it from , or NYC for short, is the in the United States. With a 2020 population of 8,804,190 distributed over , New Yo ... as "A fixed payment amount made by a borrower to a lender at a specified date each calendar month. Equated monthly installments are used to pay off both interest In finance Finance is the study of financial institutions, financial markets and how they operate within the financial system. It is concerned with the creation and management of money and investments. Savers and investors have money availa ... and principal Principal may refer to: Title or rank * Principal (academia) The principal is the chief executive and the chief academic officer of a university A university ( la, universitas, 'a whole') is an educational institution, institution of higher ...
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Bullet Payment
A balloon payment mortgage is a mortgage A mortgage loan or simply mortgage () is a loan In finance, a loan is the lending of money by one or more individuals, organizations, or other entities to other individuals, organizations etc. The recipient (i.e., the borrower) incurs a ... which does not fully amortize Amortization (or amortisation; ) is paying off an amount owed over time by making planned, incremental payments of principal Principal may refer to: Title or rank * Principal (academia) The principal is the chief executive and the chief academi ... over the term of the note Note, notes, or NOTE may refer to: Music and entertainment * Musical note In music, a note is a symbol denoting a musical sound. In English usage a note is also the sound itself. Notes can represent the Pitch (music), pitch and Duration (music), ..., thus leaving a balance due at maturity.Wiedemer, John P, ''Real Estate Finance, 8th Edition'', p 109-110 The final payment is called a ' ...
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Amortizing Loan
In banking A bank is a financial institution Financial institutions, otherwise known as banking institutions, are corporation A corporation is an organization—usually a group of people or a company—authorized by the State (polity), stat ... and finance Finance is a term for the management, creation, and study of money In a 1786 James Gillray caricature, the plentiful money bags handed to King George III are contrasted with the beggar whose legs and arms were amputated, in the left corn ..., an amortizing loan is a loan where the principal Principal may refer to: Title or rank * Principal (academia) The principal is the chief executive and the chief academic officer of a university A university ( la, universitas, 'a whole') is an educational institution, institution of higher ... of the loan is paid down over the life of the loan (that is, amortized In computer science, amortized analysis is a method for Analysis of algorithms, analyzing a ...
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Grace Period
A grace period is a period immediately after the deadline for an obligation during which a late fee A late fee, also known as an ''overdue fine'', ''late fine'', or ''past due fee'', is a charge fined against a client by a company or organization for not paying a bill or returning a rented or borrowed item by its due date. Its use is most commonly ..., or other action that would have been taken as a result of failing to meet the deadline, is waived provided that the obligation is satisfied during the grace period. In other words, it is a length of time during which rules or penalties are waived or deferred. Grace periods can range from a number of minutes to a number of days or longer, and can apply in situations including arrival at a job Employment is the relationship between two parties Image:'Hip, Hip, Hurrah! Artist Festival at Skagen', by Peder Severin Krøyer (1888) Demisted with DXO PhotoLab Clearview; cropped away black border edge.jpg, 300px, ''Hip, Hip, Hurrah! ...
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China Banking Regulatory Commission
The China Banking Regulatory Commission (CBRC) was an agency of the People's Republic of China China (), officially the People's Republic of China (PRC; ), is a country in East Asia East Asia is the eastern region of Asia Asia () is Earth's largest and most populous continent, located primarily in the Eastern Hemisphere ... (PRC) authorised by the State CouncilState Council may refer to: Government * State Council of the Republic of Korea, the national cabinet of South Korea, headed by the President of South Korea, President * State Council of the People's Republic of China, the national cabinet and ch ... to regulate the banking sector of the PRC except the territories of Hong Kong and Macau, both of which are special administrative region A special administrative region is a designation for types of administrative territorial entities in Mainland China Mainland China, also known as the Chinese mainland, China mainland, or the Mainland Area of th ...
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Balloon Payment Mortgage
A balloon payment mortgage is a mortgage A mortgage loan or simply mortgage () is a loan In finance, a loan is the lending of money by one or more individuals, organizations, or other entities to other individuals, organizations etc. The recipient (i.e., the borrower) incurs a ... which does not fully amortize Amortization (or amortisation; ) is paying off an amount owed over time by making planned, incremental payments of principal Principal may refer to: Title or rank * Principal (academia) The principal is the chief executive and the chief academi ... over the term of the note Note, notes, or NOTE may refer to: Music and entertainment * Musical note In music Music is the of arranging s in time through the of melody, harmony, rhythm, and timbre. It is one of the aspects of all human societies. General includ ..., thus leaving a balance due at maturity.Wiedemer, John P, ''Real Estate Finance, 8th Edition'', p 109-110 The final payment is called a ' ...
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Banking
A bank is a financial institution Financial institutions, otherwise known as banking institutions, are corporation A corporation is an organization—usually a group of people or a company—authorized by the State (polity), state to act as a single entity (a legal entit ... that accepts deposits A deposit account is a bank account maintained by a financial institution in which a customer can deposit and withdraw money. Deposit accounts can be savings accounts, Transaction account#Current accounts, current accounts or any of several other ... from the public and creates a demand deposit Demand deposits or non-confidential money are funds held in demand account A transaction account, also called a checking account, chequing account, current account, demand deposit account, or share draft account at credit unions, is a deposit ... while simultaneously making loans. Lending In finance, a loan is the lending of money by one or more individuals, organizat ...
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