premium recovery period

Payback Period

The time between the first payment on a loan and its maturity. For example, if one takes out a student loan with a payback period of 10 years, the full amount of the loan is due 10 years after the first payment, which occurs on an agreed-upon date. Over the course of the payback period, a borrower must either pay back the loan with his/her own funds or take out a different loan to pay off the first. It is also called the premium recovery period. See also: Refinancing.

premium recovery period

See payback period.

单词	premium recovery period
释义	EncyclopediaSeePayback period premium recovery period Payback Period The time between the first payment on a loan and its maturity. For example, if one takes out a student loan with a payback period of 10 years, the full amount of the loan is due 10 years after the first payment, which occurs on an agreed-upon date. Over the course of the payback period, a borrower must either pay back the loan with his/her own funds or take out a different loan to pay off the first. It is also called the premium recovery period. See also: Refinancing. premium recovery period See payback period.
随便看	come out against one come out against (someone or something) come out against them come out against us come out against you come out ahead come out at come out at an amount come out at her come out at him come out at it come out at me come out at one come out at them come out at us come out at you come out badly come-outer come-outers come out fighting come out for come out for her come out for him come out for it come out for me