Sentences with phrase «rate during a specified period of time»

A signed, formal document obligating a borrower to repay a loan at a stated interest rate during a specified period of time.

Note A legal document that obligates a borrower to repay a mortgage loan at a stated interest rate during a specified period of time.

The term is shorter than the amortization period and locks you into the negotiated rates during that specified period of time.

Note A legal document that obligates a borrower to repay a mortgage loan at a stated interest rate during a specified period of time.

Not exact matches

The interest rate on a CD is higher than on a savings account because the investor, in exchange for receiving a guaranteed rate of return, commits to a specified period of time (the «term») during which he will not withdraw his investment.

Assessments conducted at earlier phases are specified in previous articles.7, 8 At the 15 - year follow - up assessment, adolescents completed interviews that measured whether they had been adjudicated a person in need of supervision (PINS) resulting from incorrigible behavior such as recurrent truancy or destroying parents» property; their frequency of running away from home; and the number of times they had been stopped by the police, arrested, convicted of a crime or of probation violations, and sent to youth correctional facilities.14 They also reported on their disruptive behavior in school; number of school suspensions; delinquent and aggressive behavior outside school; experience of sexual intercourse; rates of pregnancy; lifetime number of sexual partners; and frequency of using cigarettes, alcohol, and illegal drugs during the 6 - month period prior to the 15 - year interview.15