Nonamortizing

Quick meaning: Nonamortizing is an adjective meaning (finance) Not requiring the borrower to make scheduled payments; having no amortization schedule.

Meaning

(finance) Not requiring the borrower to make scheduled payments; having no amortization schedule.

Example Sentences

The building appraises at its cost basis, and its debt is a nonamortizing mortgage with a loan-to-value ratio of 0.8 and 9 percent interest.

For a nonamortizing asset, while the concept of a prepayment does not exist, a projection of defaults is still necessary to project how much will be recovered and when.

The assets of thrift institutions are dominated by amortizing (mortgage) instruments (see Appendix B). For banking institutions, nonamortizing assets (particularly commercial loans) are considerably more important than they are for thrifts.

Related Words

Related dictionary entries include nonamortising, non-amortising, non-amortizing, nonamortized, unamortized, nonamortizable.

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