- graduated payment
- Repayment terms calling for gradual increases in the payments on a closed-end obligation. A graduated payment loan usually involves negative amortization. Bloomberg Financial Dictionary
Financial and business terms. 2012.
graduated payment
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graduated payment mortgage — ( GPM) A mortgage in which the monthly payment of principal and interest begins at a low amount and progressively increases to a predetermined higher amount. Thereafter, the amount of the monthly payment remains constant for the remaining life of … Financial and business terms
graduated payment mortgage — graduated payment mortgage, U.S. a mortgage on which monthly payments are low in the early years after purchase of a house, rising gradually thereafter … Useful english dictionary
Graduated payment mortgage loan — A graduated payment mortgage loan, often referred to as GPM, is a mortgage with low initial monthly payments which gradually increase over a specified time frame. These plans are mostly geared towards young men and women who cannot afford large… … Wikipedia
Graduated Payment Mortgage — A type of fixed rate mortgage in which the payment increases gradually from an initial low base level to a desired, final level. Typically, the payments will grow 7 12% annually from their initial base payment amount until the full payment is… … Investment dictionary
Graduated-payment mortgages (GPMs) — A type of stepped payment loan in which the borrower s payments are initially lower than those on a comparable level rate mortgage. The payments are gradually increased over a predetermined period (usually 3,5, or 7 years) and then are fixed at a … Financial and business terms
graduated-payment mortgage — ( GPM) A type of stepped payment loan in which the borrower s payments are initially lower than those on a comparable level rate mortgage. The payments gradually increase over a predetermined period (usually 3, 5, or 7 years), and then are fixed… … Financial and business terms
graduated payment mortgage — /ˌgrædʒueɪtɪd ˌpeɪmənt mɔ:gɪdʒ/ noun a mortgage where the monthly payments gradually rise over the lifetime of the mortgage. Abbreviation GPM … Dictionary of banking and finance
graduated payment mortgages — (GPM) See mortgage … Black's law dictionary
graduated payment mortgages — (GPM) See mortgage … Black's law dictionary
Graduated payments — are repayment terms involving gradual increases in the payments on a closed end obligation. A graduated payment loan typically involves negative amortization, and are intended for young people who currently have low income but foresee a greater… … Wikipedia
