Sentences with phrase «interest on a specific schedule»

When lenders make loans, they set up the terms of repayment of principal and interest on a specific schedule.

Not exact matches

In many mortgages, the payment amounts are fixed, initially calculated so that given a set amount of time, at a specific interest rate, the loan's principal amount can be paid off on schedule.

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• Assess the need for recreational activities for registered groups • Identify each group's special recreational interests • Design and develop recreational activities such as camping and sports to meet each group's needs • Coordinate the details of each recreational program on a day to day basis • Plan, organize and instruct specific classes, activities and holiday programs • Arrange for premises to be secured in sync with each program's requirements • Ascertain that secures premises are cleaned and maintained before and after each activity • Meet with vendors, suppliers and agencies to secure delivery or supplies and services • Provide clients with information on available recreational avenues and their monthly fees • Evaluate the efficacy of implemented programs and ensure that amendments are made to them so that more value can be derived out of them • Schedule program activities and volunteers and handle recruitment, training and deployment activities • Prepare recreation plans and ensure that each activity is carried out according to the plan

Amortization: repayment of a mortgage loan through monthly installments of principal and interest; the monthly payment amount is based on a schedule that will allow you to own your home at the end of a specific time period (for example, 15 or 30 years)