Graduated payments are repayment terms that gradually increase over the life of a closed-end obligation. A graduated payment loan typically involves negative amortization and is intended for students, in the case of student loans, and homebuyers, in the case of real estate.
Graduated payments are repayment terms that gradually increase over the life of a closed-end obligation. A graduated payment loan typically involves negative amortization and is intended for students, in the case of student loans, and homebuyers, in the case of real estate.
Source: Wikipedia "Graduated payments" · CC BY-SA 4.0
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