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单词 negative amortization
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negative amortization
negative amortization n. U.S. Finance an increase in the balance of a loan which occurs when a repayment amount is less than the interest owed and the difference is added to the principal.
ΚΠ
1959 Accounting Rev. 34 193/1 We can..call the negative amortization by its common name, ‘accumulation’.
1981 Christian Sci. Monitor 26 May 16/4 James Boyle..says of negative amortization, ‘There's a very real possibility that you could pay on your mortgage for 10 years and end up owing more on it than you did when you began.’
2008 Sarasota (Florida) Herald-Tribune (Nexis) 12 Sept. a1 The negative amortization loan's principal keeps growing even though the Bohlens keep making interest payments.
extracted from negativeadj.adv.2int.
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