ACCELERATED PAYMENTS
It is a term commonly associated with making unscheduled loan payment in addition to the current terms in a random or predetermined interval. By making accelerated payment, it reduces the amount of the principal balance of the loan that means in the subsequent payments, more principal is being paid off with less interest. Through this, the person who has a loan can easily end the payoff of the loan.
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Capital Accumulation
This talks about the earnings that a firm uses to raise its capital base. Capital accumulation includes gaining additional assets that can be used ...
Defined-Contribution Plan
A retirement plan where the percentage of money is set aside each year by the company for the benefit of their employees. There are restrictions as ...
Unscheduled Recast
Unscheduled Recast is a recomputation of remaining loan amortization schedule that is not scheduled. Some loans have contractual terms that when tr ...
Recompense
The act of giving a target person or entity some form of monetary benefit as a result of performing some action or some action happening to the tar ...
Tortoise Rally
Slow and steady appreciation of market prices through time. This is more beneficial to long-term retail investors since they enjoy steady gains fro ...
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