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What else can I help you with?
Certificates issued by a government in exchange for a loan of money are called?
government bonds.
What happens to a loan if the bank that issued it goes bankrupt?
If the bank that issued a loan goes bankrupt, the loan may be transferred to another financial institution or a government agency. The borrower is still responsible for repaying the loan, but the terms and conditions may change.
What are the student loan consolidation interest rates?
As of July 2010, you can get a student consolidation loan through the federal government. The interest rate can range from 6.62%-8.25%. 8.25% is cap for any student loan consolidation.
If loan is unsubsidized interest is paid by the federal government while you are in school in grace and during periods of deferment?
you are thinking of a subsidized loan. If unsubsidized, the interest acrues at all times.
How do I know if my student loan is federal?
You can find out if your student loan is federal by checking the National Student Loan Data System (NSLDS) website or contacting your loan servicer. Federal student loans are issued by the government, while private student loans are issued by banks or other financial institutions.
What are bonds in history?
a note issued by the government which promises to pay off a loan with interest.
Bonds are what ?
A BOND is a note issued by the government, which promises to pay off a loan with interest.A thing used to tie something or to fasten things together.An agreement with legal force, in particular.
Certificates issued by a government in exchange for a loan of money are called?
government bonds.
What revenue source is a type of loan issued by the government?
bonds
What government loan website offers an interest rate under 6%?
There are lots of government loans, but in this economy it is unfortunately impossible to get a loan with an interest rate of less than 6% from the government.
What is a concessional interest rate?
An interest concession is a reduction, compared with commercial interest rates, in the interest rate charged on a loan taken out. Such concessions are typically provided directly by a government agency or by a government grant to a lending bank (in the case of a commercial loan).
What happens to a loan if the bank that issued it goes bankrupt?
If the bank that issued a loan goes bankrupt, the loan may be transferred to another financial institution or a government agency. The borrower is still responsible for repaying the loan, but the terms and conditions may change.
Bonds?
You loan the government money. They agree to pay you back plus interest.
What are the student loan consolidation interest rates?
As of July 2010, you can get a student consolidation loan through the federal government. The interest rate can range from 6.62%-8.25%. 8.25% is cap for any student loan consolidation.
What do you understand by Loan Amortization?
Loan amortization is the process of paying back a loan over an extended duration of time along with the interest incurred. The interest to be paid for the amount borrowed, till the loan is completely repaid, is calculated in advance. This is divided by the total number of payments being made and added with the principal payments to arrive at an amount that consists of both the principal as well as the interest. The payments have to be made according to this amortization schedule, which is decided before the loan is issued and could be in the form of simple monthly or annual payments. Before the principal amount is issued, the terms for calculation of the interest are also fixed.
If loan is unsubsidized interest is paid by the federal government while you are in school in grace and during periods of deferment?
you are thinking of a subsidized loan. If unsubsidized, the interest acrues at all times.
How do I know if my student loan is federal?
You can find out if your student loan is federal by checking the National Student Loan Data System (NSLDS) website or contacting your loan servicer. Federal student loans are issued by the government, while private student loans are issued by banks or other financial institutions.
