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单词 negative amortization limit
释义

negative amortization limit

Definition
Certain types of loans contain this provision in which the amount of negative amortization is limited. This means that the principal balance of the loan will not increase if the borrower makes a payment that is less than the interest charge that is due. This limit requires that the loan's principal balance may not exceed a certain stated amount. This amount is typically determined as a percentage of the loan's original balance.
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更新时间:2025/4/18 7:59:26