Repayment

J. A. Donaldson and T. H. Donaldson
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J. A. Donaldson: Imperial Chemical Industries
T. H. Donaldson: Morgan Guaranty Trust Company of New York

Chapter 5 in The Medium-Term Loan Market, 1982, pp 79-92 from Palgrave Macmillan

Abstract: Abstract The maturity of the borrowing refers to the maximum life of any of its elements; thus it matures on the day an which its final element is due to be repaid. The colloquial term “bullet” is given to a loan which matures in a single amount. Such loans are not uncommon for shorter maturities, but for longer maturities of, say, seven to ten years it is normal for a loan to be repaid (amortised) in a series of instalments; these may be annual, semi-annual, or occasionally more frequent. The amortisation schedule specifies the dates and amounts of the repayments and the length of the grace period before they begin.

Keywords: Cash Flow; Lending Bank; Grace Period; Cash Flow Forecast; Taxation Treaty (search for similar items in EconPapers)
Date: 1982
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DOI: 10.1007/978-1-349-06242-3_5

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