Interest-Only Payments

Option ARM (Adjustable-Rate Mortgage)
An Option ARM is a type of adjustable-rate mortgage that allows the borrower to select from different payment options each month, including fully amortizing payments, interest-only payments, and minimum payments resulting in negative amortization.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.