Sentences with phrase «payments on a specific schedule»

An income annuity payment is similar to a systematic withdrawal plan in that both can provide payments on a specific schedule.

Not exact matches

Being an author is being a freelancer who doesn't charge based on the work involved; a freelancer who accepts payments based on rules and schedules defined solely by the buyer, rules that are based on their accounting and which the freelancer has little recourse to double - check; a freelancer who subsists on a fraction of minimum wage and a host of day jobs; and it's being a freelancer who is bound by contracts that last their lifetime plus the lifetime of their children (or until a specific set of requirements have been met that, requirements that are set and monitored exclusively by the employer).

So, depending on how your lender decides to handle the rounding, you may see slight differences between this spreadsheet, your specific payment schedule, or an online loan amortization calculator.

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.

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)