renegotiable rate
An adjustable rate involving a renewable short-term balloon loan, in which the interest rate is fixed during the term of the note, but when the balloon comes due, the lender may refinance it at a higher rate.
Popular 'Lending & Credit' Terms
Related Personal Finance Articles
Loading...
renegotiable rate in the news
Loading...
renegotiable rate is ...
... part of the Lending & Credit subject.







