Interest-only Loan
An interest-only loan is any loan that is non-amortizing, at least initially, meaning that payments cover only interest, not principal reduction. The most common type of interest-only loan is an interest-only mortgage.
INTEREST-ONLY LOAN - An advance of money in which the installments pay only the interest that accumulat...
INTEREST-ONLY MORTGAGE - Monthly payments to the lender are made up simply of interest. You don't pay o...
Interest-only Loan
Loan, where only the interest is paid each month. Therefore, the outstanding amount of principal is not reduced.
Interim Loan
Loan that is to be replaced by a permanent loan.
Interest-only Loan
A definition of an interest-only loan, in which the borrower's monthly payment goes only towards the interest.
International Trade Administration ...
Interest-only loan
A loan in which payment of principal is deferred and interest payments are the only current obligation.
Interim dividend ...
Interest-Only Loan. A loan where the borrower pays only interest and not principal during the course of the loan. Some loans have an interest-only period, then require payment of interest and principal.
[edit] Interest-only loans
Since the principal loan balance is not paid down during the interest-only term, ...
interest-only loan with no amortization of principal during the life of the loan. The principal is payable at maturity in a balloon note. Contrast with level payment amortization.
Dictionary of Real Estate Terms
term loan ...
One risk with interest-only loans is that you may not be able to meet the higher payments once full repayment begins, especially if the interest-only payments themselves were a stretch.
Interest-rate risk ...
Interest-Only Loan (business term)
Balloon Note
Closed-End Lease (in banking)
Level Payment Amortization (in banking)
Take-Out Loan (in banking)
Term Mortgage (in banking)
Open-End Lease (in banking)
Creative Financing (business term) ...
Each payment toward the principal reduces your loan by that amount. This is different than an interest-only loan payment where the principal balance is never reduced.
Interest earned on reinvestment of each interest payment on money invested. See: compound interest.
Interest-only loan ...
This differs from construction loans or other forms of interim financing, which are typically interest-only loans that require full repayment of principal and accrued interest only upon disbursement of funds from the end loan.
However, many borrowers don't invest the savings.
One risk with interest-only loans is that you may not be able to meet the higher payments once full repayment begins, especially if the interest-only payments themselves were a stretch.
interest-only loan A non-amortized loan in which interest is due at regular intervals until maturity,... interest-only strip A security with cash flows based entirely on the monthly interest payments received from a mortgage pool.
 See also: Saving, Banks, Expense, Bills, Values
  
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