interest only mortgage

A balloon-payment mortgage on which the borrower must at first make only interest payments, but must make a lump-sum payment of the full principal at maturity.

— Also termed standing mortgage; straight-term mortgage. — Abbr. IO mortgage.

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词条贡献者

译者玉晶，毕业于世界顶级翻译学院，擅长翻译各种与风险投资相关的法律文件。