______________ Are Typically One-Time, Up-Front Charges (Although Some Jurisdictions Allow

question 20

Short Answer

______________ are typically one-time, up-front charges (although some jurisdictions allow payments over time) against new development to pay for off-site improvements, including schools, sewer and water treatment plants, fire stations, community centers and other local facilities.

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Definitions:

Employee Benefit

Various types of non-wage compensation provided to employees in addition to their normal wages or salaries.

Compounded Monthly

The method of computing interest monthly, taking into account both the original amount of money and the interest that has been added over time.

Life Of The Loan

Life of the loan refers to the duration over which the loan is to be repaid, from inception to the final payment.

Monthly Payments

Regular amounts paid monthly, often related to loans or leases.