Sentences with phrase «payment over a predetermined period of time»
When you take out an installment loan, the terms of your loan will typically require a fixed monthly payment over a predetermined period of time.
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A home equity loan is a closed loan, which means you receive a single lump sum that you pay back with regular payments over a predetermined period of time.
Not exact matches
The idea of this type of bond is to loan money to the issuer in exchange for the receipt of a set number of interest payments that will be made over a predetermined period of time.