Integrated Infrastructure Initiative Financial Glossary

What is it? Type of instrument unused in IST in FP6 that relates more to Research Infrastructures program.

Finance Term Definition Added By: Lucas

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Other Similar Finance Terms:

Financial Term Negative amortization is An increase in the outstanding balance of a loan resulting from the failure of periodic payments to cover required interest charged on the loan. Generally occurs during the first 5 to 10 years of the life of a graduated payment mortgage (GPM) and under indexed loans for which the applicable interest rate may be changed without affecting the monthly payments.

Financial Term Grant for integration is For Networks of Excellence, the Community financial contribution shall take the form of a fixed grant for integration to attain the objective of the joint programme of activities. The amount of the grant is calculated taking into account the degree of integration, the number of researchers that all participants intend to integrate, the characteristics of the field of research concerned and the joint programme of activities. This contribution is to be used to complement the resources deployed by the participants in order to carry out the joint programme of activities.

Financial Term Policy Term is The length of time that an insurance policy lasts

Financial Term ENEG is Equal weight negative

Financial Term Tiered rate is An interest rate that varies depending on how much is deposited in a savings account.