constant

(redirected from Immediate value)
Also found in: Dictionary, Thesaurus, Medical, Legal, Encyclopedia.

constant

The annual payment required to pay the principal and interest due on a $1 loan for a specified repayment term at a specified interest rate.Before the widespread availability of computers and extremely affordable financial calculators,it was common to use mortgage constant tables to calculate monthly payments. One would refer to the table for the proper loan term, such as 30 years, and then within that table find the loan constant for the anticipated interest rate. See the following example. The constant is the monthly payment on $1. To find out your own monthly payment, you multiply the constant by the number of dollars in your loan, and the answer is what your monthly payments would be.

Mentioned in ?
References in periodicals archive ?
To qualify for the gift tax exclusion, the operating agreement must allow for transferred units to have immediate value to the donees.
No annual gift tax exclusion for gift of LLC membership units
Both areas are designed to help customers gain immediate value in providing business and technical reporting to align their IT infrastructures to business services.
Nimsoft Announces Immediate Availability of Winter '07 Release
Our owners will have immediate value for their purchase, and not have to wait the 18 months we project construction of the project to take," Robles explained, "They will be able to 'use their condo' immediately, depositing future time in their condos and exchanging immediately through the Interval International System.
La Jolla Firm Acquires Condominium Project Near Famous Puerto Nuevo in Baja California, Mexico

Financial browser ?
Full browser ?