nonamortizing
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English[edit]
Alternative forms[edit]
non-amortizing, nonamortising, non-amortising
Adjective[edit]
nonamortizing (not comparable)
- (finance) Not requiring the borrower to make scheduled payments; having no amortization schedule.
- 1993, United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs, The state of the banking industry and the Bank Insurance Fund:
- The assets of thrift institutions are dominated by amortizing (mortgage) instruments (see Appendix B). For banking institutions, nonamortizing assets (particularly commercial loans) are considerably more important than they are for thrifts.
- 1995, National Research Council, Division on Engineering and Physical Sciences, Commission on Engineering and Technical Systems, Protecting Buildings from Bomb Damage: Transfer of Blast-Effects Mitigation Technologies from Military to Civilian Applications, →ISBN:
- The building appraises at its cost basis, and its debt is a nonamortizing mortgage with a loan-to-value ratio of 0.8 and 9 percent interest.
- 2008, Frank J. Fabozzi, Fixed Income Securities, →ISBN, page 302:
- For a nonamortizing asset, while the concept of a prepayment does not exist, a projection of defaults is still necessary to project how much will be recovered and when.