Bank Branch Manager Question: Download Banking Branch Manager 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'.
Previous Question | Next Question |
Please explain what is ‘prime rate'? | Explain me what ‘LIBOR' stands for? |