Sentences with phrase «accrue debt until»

This allows for money to help the policyholder and his family while he is still alive, rather than having to accrue debt until such time as a life insurance policy pays out at death.

Not exact matches

Interest on the new bond issue will be about 7 percent, but final calculations of how much interest will accrue over the debt retirement schedule is unavailable until the bonds are sold, said Tom Chapman of Blunt, Ellis and Loewi Inc., financial consultants to the park district.

Accrued interest: This interest builds on itself until a debt is completely paid off.

The moment you begin to carry a balance, you'll automatically start accruing interest charges, which will compound daily until you find a way to eliminate your debt completely.

You can buy a house in cash, then immediately set up a HELOC («home equity line of credit», a common type of loan offered by banks and mortgage companies that is backed by home equity, that does not require you to incur the debt or accrue interest until you draw on the line of credit, typically with a checkbook or debit card issued to you) to maintain liquidity, getting the best of both paths.

So he calculated the number of months left until the trip, looked at his monthly spending, and found that he'll accrue enough rewards to go ahead with the trip using points even if he cashes in his rewards now to pay off the debt from his new baby.