Examlex
Judged in the context of the full range of public policies,the government in the United States has been
Amortized Mortgage Loan
An amortized mortgage loan is a type of loan where the principal and interest are paid down over the loan term through fixed monthly payments, leading to full repayment of the loan at the end of the term.
Nominal Annual Rate
The nominal annual rate refers to the annual interest rate stated on a loan or investment, not accounting for compounding within that year or inflation.
Payment Of Interest
The act of paying interest on borrowed capital, such as loans or bonds, as per the agreed terms and schedule.
Equal Installments
A method of loan repayment where the borrower pays the same amount periodically over the duration of the loan.
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