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A temporary postponement of payments or making smaller payments while interest is still accruing is called?
Wiki User
∙ 12y ago
deferment
Wiki User
∙ 12y ago
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Will deferred credit card payments affect your credit?
No, they won't, because a creditor is basically agreeing to your terms temporarily. It is generally not a good idea to do it for too long, because usually you are still accruing interest but you're not making any payments, so keep an eye on your balance and make sure it does not get nudged over your limit during the deferment period.
What is the name of the interest payments that a bondholder receives for purchasing a bond?
Apex- Coupon
What is the average interest rate on house payments?
6%
Does paying off your mortgage bi-weekly make a difference?
Yes. It saves interest by repaying part of the principal sooner (two weeks vs. one month) -- so even if your total annual payments are the same, you loan will be paid off in less time. Principal dollars being returned to the lender more frequently translates into less time each average dollar was outstanding and accruing interest.
Is fixed interest rate better than variable interest rate for banks?
Yes, because a variable interest rate can go up as high as 9% APR when you can get a fixed APR of 3.5%. Also with variable interest your payments will always jump around and with fixed your payments are what you sign.
Do you have to pay your private student loans while im still in school?
Yes you can. Most loan companies will allow you to make payments even though you are still in school. I am in Grad school and even though my undergrad loans are in deferment, I am still making payments to the loans that are accruing interest. The loans that are subsidized and not accruing interest, I am leaving alone until I payoff the unsubsidized loans. Find out who has your loans and contact them about where to send payment.
Will deferred credit card payments affect your credit?
No, they won't, because a creditor is basically agreeing to your terms temporarily. It is generally not a good idea to do it for too long, because usually you are still accruing interest but you're not making any payments, so keep an eye on your balance and make sure it does not get nudged over your limit during the deferment period.
The number of payments in future cash flow has what relationship to interest rate?
The number of payments is directly related to the interest rate.
What does no payments no interest mean?
As far as credit cards/credit accounts, you will not have to make any payments and no interest will be added till said date.
What is the name of the interest payments that a bondholder receives for purchasing a bond?
Apex- Coupon
How does compound interest differ from simple interest?
With compound interest, you earn interest on the interest. Basically the interest payments are reinvested into the account whereas with simple interest, you only earn interest on the original balance. The interest payments are kept separate of the balance that you invested i.e.: with a bond, the interest payments don't go into a balance, you just get a check for them or rather your broker receives the check on your behalf and deposits it into your money market account which is separate from the bond that you purchased.
What company has the lowest interest credit cards?
Interest fees vary depending on the credit card company. Most companies apply interest based on your credit score and credit history. To obtain a lower interest rate, increase your monthly payments or make payments more frequently. The more payments you make the lower your interest will be.
What does aggregate lease payments mean?
The sum of all payments including principle and interest.
Creditor payments difference from cost of sales?
The creditor total payments will differ from the price of the sale unless you have a 0% interest loan. The interest armoritized in the amount of the total of payments. Some companys have simple interest loans, meaning that the interest is accumulated on a daily basis, rather than being financed for the full term of the loan. When payments are made in a timely manner or earlier, you will save alot on interest charges.
Briefly discuss Interest with the help of example?
Payments for those goods which are used to produce other goods are called interest ie payments (remuneration) or capital.
How does IMF help member countries in dealing with their temporary balance of payments problems?
The IMF aims at helping its memebere to overcome their balance of payments problems of temporary nature.It sells those currencies to the member countries whi
Does paying off your mortgage bi-weekly make a difference?
Yes. It saves interest by repaying part of the principal sooner (two weeks vs. one month) -- so even if your total annual payments are the same, you loan will be paid off in less time. Principal dollars being returned to the lender more frequently translates into less time each average dollar was outstanding and accruing interest.
