Interestonly Mortgage Financial Glossary

What is it? You pay only the interest on your mortgage, but also put money into an investment scheme to pay off the whole mortgage at the end of its term.

Finance Term Definition Added By: Max

Send To Friends!

If you'd like to send the Interestonly Mortgage definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -

We hope you now understand the meaning of Interestonly Mortgage. If you need any more information on this term, please don't hesitate to contact us.

Other Similar Finance Terms:

Financial Term Document Code is Unique identifier where the first letter indicates the type of document (e.g. documents beginning with a P=purchase orders.)

Financial Term Dividend is Periodic distribution of earnings to stockholders, in the form of cash or additional shares of stock.

Financial Term wire transfers is One of the two major methods of electronic funds transfer. Only the payer can originate the remittance. A wire transfers information format is completely flexible, but this flexibility adds significantly to the banks labor costs and results in much higher fees.

Financial Term debentures is Unsecured, long-term corporate bonds. Even though debenture holders are not protected by collateral, they still have a legal right to repayment. In the event of default, debenture holders are treated like other unsecured creditors. In addition, debenture holders may benefit from indenture restrictions.

Financial Term Maturity Date is The end date of a policy or loan, when money is paid out or becomes due