graduated payment mortgage — graduated payment mortgage, U.S. a mortgage on which monthly payments are low in the early years after purchase of a house, rising gradually thereafter … Useful english dictionary
Graduated payment mortgage loan — A graduated payment mortgage loan, often referred to as GPM, is a mortgage with low initial monthly payments which gradually increase over a specified time frame. These plans are mostly geared towards young men and women who cannot afford large… … Wikipedia
Graduated Payment Mortgage — A type of fixed rate mortgage in which the payment increases gradually from an initial low base level to a desired, final level. Typically, the payments will grow 7 12% annually from their initial base payment amount until the full payment is… … Investment dictionary
Graduated-payment mortgages (GPMs) — A type of stepped payment loan in which the borrower s payments are initially lower than those on a comparable level rate mortgage. The payments are gradually increased over a predetermined period (usually 3,5, or 7 years) and then are fixed at a … Financial and business terms
graduated-payment mortgage — ( GPM) A type of stepped payment loan in which the borrower s payments are initially lower than those on a comparable level rate mortgage. The payments gradually increase over a predetermined period (usually 3, 5, or 7 years), and then are fixed… … Financial and business terms
Graduated Lease — A lease (usually long term) that is periodically adjusted to reflect the appraised value of the asset being leased. For example, if under a graduated lease a company was leasing land for 25 years, every 5 years the lease payments might be… … Investment dictionary
graduated payment — Repayment terms calling for gradual increases in the payments on a closed end obligation. A graduated payment loan usually involves negative amortization. Bloomberg Financial Dictionary … Financial and business terms
graduated lease — A type of long term lease whose payments are variable rather than fixed, and depend upon a benchmark rate, such as changes in the consumer price index. Bloomberg Financial Dictionary … Financial and business terms
graduated payment mortgage — /ˌgrædʒueɪtɪd ˌpeɪmənt mɔ:gɪdʒ/ noun a mortgage where the monthly payments gradually rise over the lifetime of the mortgage. Abbreviation GPM … Dictionary of banking and finance
Subprime lending — Subprime redirects here. For the 2007 house mortgage crisis, see Subprime mortgage crisis. In finance, subprime lending (also referred to as near prime, non prime, and second chance lending) means making loans to people who may have difficulty… … Wikipedia
