buydown
See also: buy-down
English
Alternative forms
Etymology
Noun
buydown (plural buydowns)
- (finance) An accelerated repayment of the principal of a loan.
- (mortgage finance) A payment by a third-party to a lender to reduce some of all of the payments otherwise required, especially in first few years of the loan, thereby enhancing the apparent quality of the loan.
Synonyms
- (accelerated repayment of principal): prepayment, accelerated or lump-sum amortization.
Related terms
- buy down
This article is issued from
Wiktionary.
The text is licensed under Creative Commons - Attribution - Sharealike.
Additional terms may apply for the media files.