step loan
step loan
A type of adjustable-rate mortgage under which the interest increases in one or sometimes two steps only,combining some of the best features of a fixed-rate loan and an adjustable-rate loan.
| 单词 | step loan |
| 释义 | step loanstep loanA type of adjustable-rate mortgage under which the interest increases in one or sometimes two steps only,combining some of the best features of a fixed-rate loan and an adjustable-rate loan. |
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