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.

Related Terms: 15 Adjustable rate, Balloon loan, Finance, FIN, High, Interest, Interest rate, Lend, Lender, Loan, Note, Ring, Short-term, Short, Term

Other Related Pages: Category: Lending_and_Credit Starting With: R

Additional Related Terms: 52-week high, Adjustable rate, Accrual of discount, Accrued interest, Amortization of premium, Anticipation note, At par, All or any part, At best, At call