Interest-Free


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Interest-Free

Describing a loan, mortgage or other debt on which interest does not accumulate. Rather, the borrower must only repay the principal. For example, one may borrow $5,000 and pay the lender $5,000 over a period of two years, at which point the debt is considered repaid.
References in periodicals archive ?
A few cards do not start the clock until your statement date, while others do not allow an interest-free period at all.
The city provide financial incentives for business owners, in the form of tax exemptions, grants up to $15,000 and interest-free loans.
Two furniture firms, Harvey Furnishings, based in Rainham, Essex, and Magnum, based in Leigh, Lancashire, had also advertised similar interest-free or 0% credit arrangements.
The calculation should clearly take into account all periods of mutual indebtedness, even those periods considered interest-free under current law.
His pay package includes a $150,000 base salary, stock options for 10,000 shares of ConAgra stock and a $50,000 interest-free loan forgivable over two years.
The Levy Board also agreed a four-year interest-free loan of pounds 85,000 to Market Rasen to build an extension to the weighing room, refurbish the members' bar and champagne bar to be refurbished, and extend the existing canter-down.
It's like an interest-free loan from the real estate industry," said Schechter.
Mandeville notes that while small and growing businesses are the lifeblood of the United States economy, they are inhibited by the need to extend interest-free trade credit to buyers and wait several weeks for payment.
she said while speaking at the launch of interest-free loans here.
With easy access to interest-free installment payments, consumers now have a smarter way to buy the products and services they need and want, without the need to pay high interest rates, qualify for a new credit line, face long layaway delays or go through a lengthy credit application processes; PayItSimple provides consumers with greater financial freedom and empowers them to better manage their expenses.
YESTERDAY saw the launch of a new type of interest-free mortgage.
TODAY sees the launch of a new type of interest-free mortgage.