Bank Branch Manager Question:
Download Job Interview Questions and Answers PDF
Do you know what is negative Amortization?
Answer:
When repayment of the loan is less than the loans accumulated interest, then negative Amortization occurs. It will increase the loan amount instead of decreasing it. It is also known as ‘deferred interest'.
Download Banking Branch Manager Interview Questions And Answers
PDF
| Previous Question | Next Question |
| Please explain what is ‘prime rate'? | Explain me what ‘LIBOR' stands for? |