See Also: Renegotiable rate(money)
Renegotiable rate(finance)
Money rate of return(money)
Call money rate(finance)
Money rate of return(finance)
Call money rate(money)
Tight money or dear money(finance)
At the money(finance)
mad money(dictionary)
HAT MONEY, mar(law)

Renegotiable rate (money)


Definition: [crh] A type of variable rate involving a renewable short-term "balloon" note. The interest rate on the loan is generally fixed during the Definition: term of the note, but when the balloon comes due, the lender may refinance it at a higher rate. In order for the loan to be fully amortized, periodic refinancing may be Definition: necessary.