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interest-only loan

   Also found in: Wikipedia 0.01 sec.
Interest-only loan
A loan in which payment of principal is deferred and interest payments are the only current obligation.
Interest-Only Loan
A non-amortized loan. During the payment period of interest-only loans, one only pays on the interest that accumulates but not on the principal. At the end of the loan's term, the entire principal is due. An example is an interest-only mortgage, in which one makes interest payments for the term of the mortgage and then refinances in order to pay the principal at maturity.
interest-only loan

A loan on which one pays periodic interest payments without any reduction in principal,and the entire principal balance is due and payable upon maturity of the note.
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AMC said borrowers were taking advantage of the current low interest rates by looking for long-term fixed rate agreements or opting for interest-only loan facilities where no capital repayment is required until the end of the loan, allowing cash to be kept aside for further investment in their business.
Borrowing demand still strong in North by The Journal (Newcastle, England)
The Definition of an Interest-Only Loan What are interest-only loans, also known as interest-only mortgages?
Interest-Only Mortgages All You Need to Know by Steve Brown / Banking, finance and accounting community
The 10-year-old, interest-only loan on the 521,486-square foot mall, the Source, was due in March, but was not repaid and was placed in default, according to Trepp, a firm that tracks the debt market for commercial mortgages.
$124M loan at Westbury mall in default by Pincus, Adam / The Real Deal
 
 
 
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