Phrases with «interest forgiveness»

"Interest forgiveness" refers to the act of forgiving or canceling the amount of money that would have been charged as interest. It means that a person or entity does not have to pay the additional money that would have been added to their original loan or debt. Full definition

forgiveness (parent phrase)

interest forgiveness

Sentences with «interest forgiveness»

Although the interest free part of subsidized student loans save college students thousands of dollars, interest forgiveness only happens during the first three years of college student loan payments. (lendedu.com)
Iman's lump sum payment strategy for the OSAP loan only makes sense providing she continues to receive interest forgiveness. (moneysense.ca)
While interest forgiveness is in effect, a borrower's entire payment is applied to principal, reducing the monthly payment amount during 48 months of repayment and lowering the total finance charges the borrower pays over the life of the loan. (risla.com)
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Phrases with «interest forgiveness»

Sentences with «interest forgiveness»

See also