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Demand is relatively elastic when the price elasticity coefficient exceeds 1.0.
Amortized Loan
A loan with scheduled periodic payments that consist of both principal and interest.
Pure Discount
A financial instrument, such as a zero-coupon bond, that is sold at a discount and pays no interest, only returning the face value at maturity.
Interest-Only
A debt repayment strategy where the borrower pays only the interest on the principal balance, with the principal balance unchanged.
Pure Discount Loan
A loan where the borrower receives a sum of money upfront and repays a higher amount at the end of the loan period, effectively paying interest by the difference.
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