Principal Payment Deferral means the one-time temporary deferral of repayments of the Withdrawn Credit Balance during a Deferral Period, requested by the Recipient, and activated by the Association pursuant to the provisions of the Financing Agreement.”
Principal Payment Deferral means the one-time temporary deferral of repayments of the Withdrawn Credit Balance during a Deferral Period, requested by the Recipient and activated by the Association pursuant to the provisions of the Financing Agreement.”
Examples of Principal Payment Deferral in a sentence
In these periods, the household is still charged an interest payment as in the Principal Payment Deferral contract.
The first alternative contract, Principal Payment Deferral (PPD), shifts the original amorti- zation schedule of the loan forward by NPPD periods.