Jeep


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Jeep

Graduated Payment Mortgage

A method of amortizing a mortgage such that payments are initially lower than they would be for a comparable mortgage with flat payments, and gradually increase over three, five, or seven years. When payments reach their full amount, they are usually higher than they would have been had the mortgage holder made flat payments over the life of the mortgage. This is because the difference between the initial payments and what the initial payments would have been in a flat payment scheme is added to the principal. A mortgage holder may opt for a GPM if he/she does not have the cash flow for the full mortgage when he/she buys the property, but expects to have it in the future. This entails risk for both the borrower and the lender as those cash flows may or may not be there when the time comes. See also: ARM.
References in periodicals archive ?
The Los Angeles Auto Show will mark the debut of two new-for-2016, special-edition Jeep models: the 2016 Jeep Grand Cherokee Night and the 2016 Jeep Wrangler Backcountry.
Organised by Rajputana Jeep Club, it was named "Ford and Willy's Jeep Rally".
With almost 70 years of history, Jeep is one of the most recognisable brands worldwide, and Euro Camp Jeep continues to be the largest single-brand 4x4 customer event in Europe," said Mike Manley, Executive Vice President - International Sales, Marketing and Business Development, Chrysler LLC.
The company spent $419 million at the plant, which is where the Jeep Patriot will be built, as well (three vehicles, one plant, with the mix predicated on market demand), and which also has the capability of test building a fourth model.
Owners drove to the three-day event at a ranch north of Santa Barbara in shiny grocery-toting Jeep Grand Cherokees and in desert-dusty Wranglers with oversized tires and jacked-up suspensions - shovels and water cans strapped to the bumper.
Mickey Mouse rides in his Jeep through Disney World.
The Jeep USB Flash Drive Plus Ink Pen is a unique, dual-function portable storage device.
Senior government officials and company leaders attended today's roll-off ceremony, including Xu Shousheng (Secretary of CPC Hunan Provincial Committee and Chairman of the Standing Committee of the Provincial People's Congress), Du Jiahao (Deputy Secretary of CPC Hunan Provincial Committee and Governor of Hunan Province), Zhang Fangyou (Chairman of the GAC Group), Zeng Qinghong (General Manager of the GAC Group), Mike Manley (Head of Jeep Brand and Ram Brand, FCA -- Global and Chief Operating Officer (COO) of the APAC region); and Feng Xingya (Executive Deputy General Manager of the GAC Group and Chairman of GAC FCA).
Leveraging the enhancements introduced this year with the Luxury Leather Package offered on Cherokee, Jeep Commander and Jeep Wrangler Unlimited receive Luxury Leather Packages, both with content appropriate for each model.
The Jeep headed south on Whites Canyon to Via Princessa, where an occupant tossed Mather's emptied purse into a back yard, deputies said.
When driving in your car alone or with friends, singing along to your favorite tune as it emanates out of the sound system is a great feeling that every car owner loves," stated Harold Kobakof, Chief Brand Officer, Jeep Communications, BBDO Detroit.