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Term: Banking -> Buydown
Term:

Buydown

Definition:

A lump sum payment made to the creditor by the borrower or by a third party to reduce the amount of some or all of the consumer's periodic payments to repay the indebtedness.

Related terms:

Dual-purpose test

Allotment

Useful articles:
»Dick and Jane Revisited 
»Not All Borrowers Ready for Prime Time
»The Art of Interviewing
»The Fear of Rejection and Time


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