NON-AMORTIZED LOAN
\nˈɒnɐmˈɔːta͡ɪzd lˈə͡ʊn], \nˈɒnɐmˈɔːtaɪzd lˈəʊn], \n_ˈɒ_n_ɐ_m_ˈɔː_t_aɪ_z_d l_ˈəʊ_n]\
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Also referred to as interest only loan, it is an arrangement on a loan which requires the borrower to pay periodic installments to cover only the interest amount. The principal amount is paid all at once at the end of the loan period.
By Henry Campbell Black
Word of the day
Platidiam
- An inorganic water-soluble platinum complex. After undergoing hydrolysis, it reacts DNA produce both intra interstrand crosslinks. These crosslinks appear to impair replication and transcription of DNA. The cytotoxicity cisplatin correlates with cellular arrest in G2 phase cell cycle.