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.


专业法律词汇 词条贡献者
资深译员筠怡,国际知名法学院民商法专业,专注翻译各种与商业和侵权诉讼有关的法律文件。
Scroll to Top