In Most Instances,a Developer's Repayment Rate Is Set So That

question 32

True/False

In most instances,a developer's repayment rate is set so that the development loan will be repaid at the exact point that 100% of total project revenue is realized.

---

Definitions:

Purchase

The act of acquiring goods, services, or assets in exchange for money or value.

Retirement Savings

Funds that an individual has saved and set aside for the purpose of providing income during retirement.

Fixed Rate

An interest rate that remains constant over the life of a loan, deposit, or bond.

Deposit

Money placed into a financial institution for safekeeping or in order to earn interest.