Sentences with phrase «due upon maturity»
Every balloon mortgage is required to have printed or stamped legend on it stating the principal balance due upon maturity.
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Usually the amount of principal due upon maturity of the loan is significant.
A mortgage loan with initially low - interest payments, but that requires one large payment due upon maturity (for example, at the end of seven years).
The word «balloon» implies that a balance at the end of the term due upon maturity must be repaid or refinanced.
Not exact matches
Any payment made on the ETNs, including at maturity or upon redemption, relies on Barclays Bank PLC's ability to satisfy obligations as they come due.
(Remaining unpaid loan balance, if any, will be due and payable upon maturity of the certificate)
These sheets calculate the (annual) figures for: • Accrued interest that needs to be returned to the seller after settlement • Net bond basis • Original discount or premium • Annual (pro-rated) amortization of bond premium using both Constant Yield and Straight Line amortization, as required by the IRS • End - of - year basis • Annual coupons • Estimates of taxes due on coupons • Estimates of differences in taxes paid vs. not amortizing premiums • Capital loss or gain upon sale before maturity
The bonus is paid upon claim raised due to death or maturity.
A balloon mortgage is a mortgage in which the final payment or the principal balance due and payable upon maturity is greater than twice the amount of the regular monthly or periodic payment of the mortgage.