Sentences with phrase «repaid at a specified time»
The loan must be repaid at a specified time or when the borrower no longer occupies the property.
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A signed, formal document obligating a borrower to repay a loan at a stated interest rate during a specified period of time.
The bondholder loans the issuer money and the issuer promises to pay the bondholder interest at a specified rate on the loan for a specified period of time and then to repay the loan at expiration.
They are a promise to repay the amount borrowed at a specified time in the future.
Note A legal document that obligates a borrower to repay a mortgage loan at a stated interest rate during a specified period of time.
A type of investment that offers a set rate of interest for a specified amount of time, with the principal repaid at maturity.
The policy loan does not have to be repaid, but interest (as specified in the policy) will be charged and the total loan plus unpaid interest will be subtracted from policy proceeds if the loan is outstanding at the time of death or surrender of the policy.
Note A legal document that obligates a borrower to repay a mortgage loan at a stated interest rate during a specified period of time.