Some articles on payment, fully amortizing payment:
... initially offers the borrower four monthly payment options a specified minimum payment, an interest-only payment, a 15-year fully amortizing payment, and a 30-year ... These types of loans are also called "pick-a-payment" or "pay-option" ARMs ... When a borrower makes a Pay-Option ARM payment that is less than the accruing interest, there is "negative amortization", which means that the unpaid portion of the ...
Famous quotes containing the words payment and/or fully:
“There are always those who are willing to surrender local self-government and turn over their affairs to some national authority in exchange for a payment of money out of the Federal Treasury. Whenever they find some abuse needs correction in their neighborhood, instead of applying the remedy themselves they seek to have a tribunal sent on from Washington to discharge their duties for them, regardless of the fact that in accepting such supervision they are bartering away their freedom.”
—Calvin Coolidge (18721933)
“The industrial world would be a more peaceful place if workers were called in as collaborators in the process of establishing standards and defining shop practices, matters which surely affect their interests and well-being fully as much as they affect those of employers and consumers.”
—Mary Barnett Gilson (1877?)