Payment Holiday Financial Glossary

What is it? A feature offered by some mortgages that allow you to miss monthly payments on your mortgage.

Finance Term Definition Added By: Ryan

The Payment Holiday definition has been viewed 2735 Time(s)!

Send To Friends!

If you'd like to send the Payment Holiday 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 Payment Holiday. If you need any more information on this term, please don't hesitate to contact us.

Other Similar Finance Terms:

Financial Term 1L is Buy / Low risk

Financial Term Offset mortgage is Offset or all in one mortgages allow you to offset the balance of your mortgage, and any other borrowings you have, against any money you have in a savings and/or current account that is held with the same lender. All your borrowings and savings may be combined in one account.

Financial Term Total assets is Total net fixed assets plus total current assets

Financial Term Big Bang is The deregulation of the London Stock Market that took place in October 1986, when the London Stock Exchange went fully electronic.

Financial Term Index Fund is A fund managed with the objective of duplicating the performance of securities in a broad-based index by investing in all or most of the securities included in that index.