Sentences with phrase «fixed number of payments»

«Revolving accounts» are a type of credit that does not have a fixed number of payments, in contrast to installment credit.

HELOC is a type of revolving credit much like a credit card without a fixed number of payments.

You do not have a fixed number of payments, as with other loans.

The lower the amount of revolving credit (credit that doesn't have a fixed number of payments), the better for your credit rating.

A loan amortization calculator creates the schedule of how an installment loan with a fixed number of payments is paid off.

An HELOC is a kind of revolving credit like a credit card without a fixed number of payments.

The latter is a type of installment loan with a fixed number of payment and interest rates while the latter is a type of revolving credit without fixed rates like a credit card.

Not exact matches

The compensation can be a lump sum payment or a series of payments (monthly or quarterly over a fixed number of years).

In return, the insurance company takes the risk of market downturns to protect your annuity value and also promises to make payments from the annuity to you in a single payment or series of payments, over a fixed number of years.

An increasing number of newer lenders, especially the online lenders, do offer fixed rates, which can still reduce your monthly payments and interest costs.

The periodic payments are fixed and so the equipment cost is spread over a number of years which can significantly help protect and plan maintain cash flow, which is critical to all schools.

A car loan is an installment contract with fixed monthly payment amounts and a fixed number of periodic payments.

(Fixed number (Open - ended) account) of payments I0 R0 O0 Too new to rate I1 R1 O1 Pays account as agreed I2 R2 O2 More than 2 payments past due I3 R3 O3 More than 3 payments past due I4 R4 O4 More than 4 payments past due I5 R5 O5 More than 120days or 4 payments past due I7 R7 O7 Making regular payments under WEP I8 R8 O8 Repossession I9 R9 O9 Bad debt; placed for collection IA RA OA Account is inactive IB RB OB Lost or stolen card IC RC OC Contact member for status ID RD OD Refinanced or renewed IE RE OE Consumer deceased IF RF OF In financial counseling IG RG OG Foreclosure process started IH RH OH In WEP of other party IJ RJ OJ Adjustment pending IM RM OM Included in Chapter of payments I0 R0 O0 Too new to rate I1 R1 O1 Pays account as agreed I2 R2 O2 More than 2 payments past due I3 R3 O3 More than 3 payments past due I4 R4 O4 More than 4 payments past due I5 R5 O5 More than 120days or 4 payments past due I7 R7 O7 Making regular payments under WEP I8 R8 O8 Repossession I9 R9 O9 Bad debt; placed for collection IA RA OA Account is inactive IB RB OB Lost or stolen card IC RC OC Contact member for status ID RD OD Refinanced or renewed IE RE OE Consumer deceased IF RF OF In financial counseling IG RG OG Foreclosure process started IH RH OH In WEP of other party IJ RJ OJ Adjustment pending IM RM OM Included in Chapter OF In financial counseling IG RG OG Foreclosure process started IH RH OH In WEP of other party IJ RJ OJ Adjustment pending IM RM OM Included in Chapter of other party IJ RJ OJ Adjustment pending IM RM OM Included in Chapter 13

The convertible bond promises to pay you income though interest payments, but allows for the possibility that you will want to exchange the bond for a fixed number of shares in the company.

The monthly mortgage payment attached to a 30 - year fixed - rate mortgage is lower than it is with a 15 - year fixed - rate mortgage because payments are spread out over a longer number of years.

The payments are based on a number of factors, including the annuitant's age at the time of purchase, the annuitant's gender, whether payments will be made to only one annuitant or to joint annuitants, and whether payments will be made for a fixed period of time or for the life of the annuitant (s).

Standard repayment for federal student loans typically calls for fixed monthly payments over a certain number of years depending on what your loan amount is.

They also have financial aid information, a number of different loan variants (level payment vs interest - only for four years, fixed rate vs variable rate, etc), and resources to help you determine what sort of strategy you should take before you even do anything.

• Installment Accounts — Installment accounts are credit accounts in which the amount of the payment and the number of payments are predetermined or fixed, such as a car loan.

The interest rate and the payment based on that rate are fixed for a specific number of years.

For example, if you've elected to have your account paid out over a fixed number of years, but retain the right to demand an accelerated payment, this ability to accelerate prevents your payments from being treated as received as an annuity.

The definition of a long term installment loan is one that it is fixed with an equal number of payments throughout the term.

To help guard against the risk of default, some disability income insurance providers offer an optional student loan rider to help young professionals make their loan payments for a fixed number of years (often 10 or 15 years) in the event they should become temporarily disabled.

In return, the insurance company takes the risk of market downturns to protect your annuity value and also promises to make payments from the annuity to you in a single payment or series of payments, over a fixed number of years.

A home equity loan is an installment loan which means it has a fixed term and number of payments.

installment loan [top] A credit account in which the amount of the payment and the number of payments are predetermined or fixed.

An HELOC is a type of revolving credit like a credit card, which doesn't have fixed terms and number of payments.

To find the monthly payment for this mobile home loan, we can use the Loan Calculator, Scenario # 1 with $ 201,500 as the total loan amount (you are not borrowing this much but you will owe this amount when the mobile home loan is paid), 6.74 % as the fixed interest rate, and 240 as the number of payments (1 payment / month for 20 years).

Installment Loan: A credit account in which the amount of the payment and the number of payments are fixed.

It has all of the usual time value of money calculators: Present value, future value, payments, number of compounding periods, interest rate, monthly loan amortizer, net present value, life expectancy, estimated capital needed vs. weekly income needs, gross wage calculators, human life value, final expenses calculator, tax - free yield converter, CD early withdrawal penalty calculators, percent change calculators, fixed annuity income eroder, calculate the true yield of a fixed annuity, rule of 72 calculator, a driving time calculator, and more.

When you purchase the annuity you will choose whether you want the payments to last for the rest of your life, your life expectancy or a fixed number of years.

Do you feel more secure with the knowledge that your payments will be the same amount every month for a set number of years (fixed rate home equity loan) or that the amount can fluctuate based on interest rates and how much you borrow within your window of opportunity (equity line of credit).

This analysis looked at the number of quotes and the average lowest APR for 30 - year fixed, conventional mortgages that were quoted to borrowers who intended to purchase a home with down payments between 15 and 25 percent.

For instance, if you know a fixed rate loan, you can find out a number of your loan payments.

To find the monthly payment for this manufactured home loan, we can use the Loan Calculator, Scenario # 1 with $ 201,500 as the total loan amount (you are not borrowing this much but you will owe this amount when the manufactured home loan is paid), 6.74 % as the fixed interest rate, and 240 as the number of payments (1 payment / month for 20 years).

Modified term: a line of credit and equal monthly payments for a fixed number of months selected by the borrower.

Note that the existence of a payment on any day depends on the actual date; your example is complicated because the «End of the Month» is not a fixed Day - of - the - Month Number.

Refinancing either to lower the monthly payment or change from a variable - rate to a fixed - rate loan could result in an increase in the total number of monthly payments and interest charges paid over the full term of the new loan.

The cost is fixed by the number of semesters or years purchased, age of child, and payment plan selected.

The deferment period is an example of the number of months a student is not required to make any payments of principal or interest, unless a student elects, during the application process, to make $ 25 in - school, fixed payments.

Fixed Period Option A life insurance proceeds settlement option whereby the number of payments is fixed by the policyoFixed Period Option A life insurance proceeds settlement option whereby the number of payments is fixed by the policyofixed by the policyowner.

You might be surprised to learn there are a handful of companies who allow you designate a fixed payment for a fixed number of years as the policy's death benefit, rather than a lump sum benefit.

The deferred compensation plan is a contractual arrangement whereby a key employee, usually in a high - income tax bracket, will receive a guaranteed number of fixed payments, beginning at retirement, in place of current salary increases or cash bonuses.

There are usually 3 options for payment - Single premium (lump - sum payment), Limited premium (payment for a fixed number of years) or Regular premium (a periodic payment that continues throughout the policy duration).

Premiums payment period are usually for a fixed number of years, say 10 years, 20 years, and so on.

When the payout made to the customer is a fixed sum for a certain number of years, it is called a fixed annuity or annuity certain.In guaranteed period annuity, the period for which the payment will be made is decided.

It's what happens when you have a price fixed system, you decrease the payment per unit of work, and the number of units of work go up, simple economics.

The Investors also reached an agreement with Herzberg, where he would receive a number of fixed payments at various stages of development as compensation for his involvement in the Development.

Refinancing either to lower the monthly payment or change from a variable - rate to a fixed - rate loan could result in an increase in the total number of monthly payments and interest charges paid over the full term of the new loan.

Modified term: a line of credit and equal monthly payments for a fixed number of months selected by the borrower.