Sentences with phrase «predetermined number of payments»
A hybrid of these is when the payments stop at death, but also after a predetermined number of payments, if this is earlier: known as a temporary life annuity.
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These are loans that are settled over a specified period with a predetermined number of payments of equal amounts known as installments.
Not exact matches
• 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.
Settlements can be taken as a lump sum in the future, as a stream of payments for a predetermined number of years, or as a combination of both.
Modified Term: combines credit line with monthly payments for a predetermined number of months chosen by the homeowner
installment loan [top] A credit account in which the amount of the payment and the number of payments are predetermined or fixed.
The taxable amount is calculated based on several factors including but not limited to the amount of interest earned inception to date, the amount of future interest earned (predetermined before payments begin), and the number of future payments.
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.
When you buy a municipal bond, you are loaning money to the issuer in exchange for a set number of interest payments over a predetermined period.
Limited Payment Whole Life Insurance — permanent insurance that allows you to pay premiums for a predetermined number of years (i.e. 20 years), and afterwards, the policy is paid off for the rest of your life.