A fixed period of time; a prescribed duration
The limitation of an estate; or rather, the whole time for which an estate is granted, as for the term of a life or lives, or for a term of years.
A space of time granted to a debtor for discharging his obligation.
The time in which a court is held or is open for the trial of causes.
In Scotland, the time fixed for the payment of rents.
The specified number of billing periods or months requested by a customer for a lease or rental.
Length of time during which the life assurance policy will pay out in the event of you dying. When the term has expired you are no longer insured and there would be no payment were you to die. back
The time between the granting of a credit facility and its fixed repayment. In the case of fixed-interest securities, the time between the issue of a security and its redemption. Terms are heavily dependent upon the market situation. At present, the terms most frequently applied to securities are between five and ten years.
Length over which finance is repaid.
The time provision of the lease. ( See Initial Term and Extended Term )
The agreed to amount of time for repayment of a loan.
The length of time during which payments are to be made on a mortgage at the rate of interest set out in the mortgage. At the end of the term, the remaining principal is to be paid out unless the lender agrees to renew the debt for a further period of time. The entire mortgage principal is usually not paid off at the end of the term because the amortization period is normally much longer than the term. (see also “Amortizationâ€)
Used variously in the real estate field: denotes the period of a lease, provisions of a loan, or any provision of a contract.
Quarter or semester. Usually eight to 12 weeks of study. There are normally three terms in a UK academic year.
The number of issues within one subscription contract (eg 12 months, 2 years)
Period of time, usually referring to the time remaining until the final payment for a bond.
The number of years over which you have to repay your mortgage.
a period for classifying and comparing trends and geometric patterns. I use the terms long term, medium term and short term. They are essentially relative terms indicating ranking forces. A long term pattern has more predictive force than a short term pattern. A long term trend may be presumed to continue over a short term pattern. I try to keep to the following classification: short term = less than three months; medium term = less than one year; long term = one year or more. But the terms are essentially relative.
The time period granted for repayment of a loan. Also known as "loan term."
A semester may also be called a term. A term at Kwantlen is approximately four months.
(1) The period of time for which an insurance policy is effective and in force; and (2) a provision in an insurance policy.
Unique identifier used to represent a specific semester and year. The term is a six digit number with the first four digits representing the year and the next two digits representing the semester. For example, 199920 represents the Spring 1999 semester.
An infant born between 37 and 43 weeks of gestation. Size of term infants are between 19 - 21 inches (48 to 53 cm) and weigh between 6 and 9 lbs (2,700 - 4,000 g).
A prescribed period of time. A 30-year loan has a term of 30 years.
The term is the duration of the loan.
The length of time the mortgage agreement exists. At the expiry of the term the contract may generally be renewed for a further term and the rate renegotiated.
The period in which a mortgage is taken out.
A period of 80 days (70 for Easter Term) during which student may be resident. Within the period (three-quarters of it) is Full Term. Michaelmas - Lent - Easter - Long Vac. The pattern of terms and vacations reflects medieval life, for instance the need during July-September for harvesting. A third
A generic word for "quarter" or "semester" used when referring to a school's academic calendar.
The term of your car insurance policy is the time between the effective date and the expiration date.
Length of time for which an account has to be held or for which attracts an agreed amount of interest.
Usually the duration of a loan.
The amount of time required to repay the mortgage loan. The term of loan is expressed in months. For example, for a 30-year, fixed-rate mortgage, the term is 360 months (30 years X 12 months). See also amortization term.
Usually one of three in the UK academic year. See also Semester
The time frame of a home loan or fixed loan period.
is the period during which the policy remains in force. The sum assured is payable only if the specified event occurs during this period.
The term of a loan is the number of years (or months) during which the loan is to be repaid.
Length of time over which the mortgage loan must be repaid.
The period of time present in contracts or leases
Refers to the agreed period of years (eg., 5, 10, 15) for which a franchise is granted through the Agreement.
The length of time a Parliament may sit before an election must be called. From 1989 until 2004 the ACT has had three-year terms. From 2004, the ACT will have set four-year terms.
MP] The period used to calculate the monthly mortgage payment.
A term, or quarter, is a unit of academic time. At Lane, we have four terms per year. Fall, Winter, and Spring terms are each 10 weeks of instruction, plus one week of final exams. During Summer Term courses may be four, six, eight, or twelve weeks in length.
The period of a loan, generally measured in years. For auto loans this generally ranges between two and five years. For a mortgage loan it is generally 15 or 30 years.
the length of time a political official may serve once elected
The number of months (or years) you wish to take to repay the loan.
The full time period over which a loan is scheduled.
The duration of a loan, usually for a pre-determined time eg 25 years, buy can be subject to change.
A term is one third of an academic year. Warwick names its terms according to the seasons. The academic year begins in very late September or early October with the Autumn Term, continues in January with the Spring Term, which is followed, after the Easter break, by the Summer Term. The academic year ends in late June or early July.
A period of the 13 weeks during which classes are held. SFU’s three terms begin in September (Fall term), January (Spring term), and May (Summer term). Intersession is eight weeks in May and June, and Summer Session is six weeks in July and August. Each term has its own enrollment and exam period.
Of which there are three: Michaelmas, Lent, and Easter.
The amount of time which a debtor has to repay a lender.For example, common mortgage terms are 10, 20, and 30 years. A term also refers to the amount of time for which an estate is given.For example, the term of a lease may be a month or a year or some other amount of time.
The length of time you commit to repay a lender or bank at an agreed upon interest rate and payment schedule. The interest rate usually remains constant during this term unless the commitment states otherwise. For example, a five year fixed rate mortgage has a term of five years.
The time period for which a loan must be repaid.
The period of time the financing agreement covers. Terms are available for as short as 6 months and as long as 18 years. The rates depend on the term you choose. Traditionally, the majority of people chose a 5 year term.
The period of time you will be making payment on you loan.
The amount of time that it takes the mortgage to be paid off. Typically 30 or 15 years.
The amount of time money is loaned and an interest rate is set.
Usually one-forth of the school year. Terms at OSU are fall, winter, and spring, and summer.
A term is the same as an academic quarter. UCLA is on the quarter system. Four quarters per academic year. A term is also one of the main keys in the class data tables. Most universities operate on a semester system, with two per year plus the summer. ClassWeb can accommodate both schedule types.
The time period during that a policy is in force, or the time it takes for a policy to reach maturity.
A specific period of the year during which classes are in session. Examples include fall term and spring term.
The period during which a policy provides coverage.
The period of duration of an invoice. The time allowed for payment of bills.
the year (beginning May 1, 1966) is divided into three terms as follows: Trinity Term - May through August. Michaelmas Term - September through December. Easter Term - January through April.
The duration of the term of the retail contract, usually expressed in months (e.g., 24 months, 36 months).
The period of usage time.
The period of time a lease contract is valid for. This is usually expressed in months.
The period or life over which a mortgage exists.
The period of time over which your mortgage will run. Typically 25 Years or to expected retirement date if that comes first.
The designated period a loan runs for, or a designated period within the loan.
The time the interest rate is in effect. The rate is due for renegotiation at the end of this period. Typical terms vary from 6 months to 10 years.
The length of time you have to repay your student loan. Generally, this will be up to 10 years for federal loans; if necessary, you can take measures to extend your repayment term.
The length of time a lease agreement will remain in force. The rules of an agreement as supplied on a rental or lease contract between the customer (lessee) and the lessor. The terms of the contract will govern such things as the length of the agreement, rules of proper cancellation of the agreement, renewal terms, and charges for breech of the contract.
The amount of time you have to repay the loan. The term for mortgage loans is often 15, 20, or 30 years.
The period of time during which a financial contract – such as a GIC or a loan – is in force.
Length of time before the loan must be repaid, expressed in months or years.
Time to maturity for a loan. For e.g. For a 30 year fixed it is 30 years or 360 months.
The length of time something is to run, such as a contract.
The length of time between loan date and maturity.
Sometimes referred to as a Contract Basis, Term refers to the policy year and claims submission period run-out. A typical stop loss term is for a 12/18 period. Here the policyholder's claimant has 12 months to accrue the claim, and 6 months after the policy year to report it to the carrier. Policies can be written on either a "Reported" or "Paid" bases. The Reported bases is richer coverage. Other Terms are 12/12, 12/15 and 12/24.
The number of periodic payments over which a loan is amortized.
Number of months the borrower has to pay back the loan, not including months of deferment or forbearance.
The length of the installment sale contract or lease agreement.
For Center and Online Program learners a term is defined as the eight week timeframe in which the courses are offered. For External Degree learners a term is defined as the six month timeframe in which courses are offered.
Length of time that a government leader serves before he or she must be elected once again.
the period of time identifying the timeframe in which a course is conducted. One year includes three terms. Fall, Spring, and Summer Full Terms include 15 weeks of class attendance; Summer Term A and Summer Term B are conducted concurrently with Summer Full Term and include approximately 7 1/2 weeks each of attendance. The shorter sessions require that students attend classes at twice the rate of the 15-week terms so that all credit hours are equal in value.
A period of time within a semester for which a class can be offered, final marks entered, and credit may be awarded. Terms are typically 6 weeks or 9 weeks.
The time length of a loan.
The number of months for which a license is valid.
The length of time the mortgage runs before it must be fully repaid. (Usually 25 years).
The prescribed time you have in which to make payments under a loan contract.
The period of a loan, generally measured in years. Can be for any period up to 30 years.
The number of years over which the loan is repaid.
The length of time of a loan or deposit agreement.
Specified period of time for which the loan is provided by the lender.
The life of a mortgage loan or the period allotted to pay back the amount borrowed.
In relation to a loan, Term means the period from the making of the loan until the loan must be repayable. Sometimes 'Term' can also mean a defined period that is shorter than the whole of the loan Term (e.g. Fixed Interest Term).
The period of a mortgage. At the end of the term the mortgage must be paid in full, either finally or through remortgage.
A semester in which classes are offered. For example Fall 2004. Terms are identified by a four-digit term code. The code is 1, plus the two-digit year, plus a season indicator (Spring 1, Summer 2, Fall 3). For example, the term code for: Fall 2004 = 1043 = 1-04-3 Spring 2005 = 1051 = 1-05-1 Summer 2005 = 1052 = 1-05-2
The time frame between when a note/mortgage starts and terminates.
The length of time you have to pay back a loan.
The period from when a loan is made until it is fully paid.
This is the ten-week period during which undergraduates live and study in College, and there are three terms each year. The period of formal teaching, known as Full Term, is eight weeks long.
The period of time for which the lending period lasts, between the beginning of the loan and the end date, at which time the balance of the loan would be due/paid in full.
Refers to any division of the academic year. The default is into two terms. (In British English the default interpretation is three terms per academic year.)
The amount of time within a loan must be paid. The most common terms are 15 and 30 years.
Referring to a 'full' 40 week pregnancy.
The period of time during which principal and interest payments must be made.
The period of time a borrower is given for the repayment of their loan. Usually the loan term is expressed in the form of the number of months the borrower will make payments.
The length of your mortgage. 25 years is traditional in the UK but you can usually choose a shorter or longer repayment period if you prefer.
The length of deposit for funds in a CD or similar account.
A particular four-month period within which sessions are defined and fees are arranged: Fall term - September to December; Winter term - January to April; spring term - May to August. Also used with reference to work terms for students in the Co-operative system of study.
The term is the period during which the borrower pays a certain interest rate on his mortgage loan. The borrower may not be able to repay the principal in full during that period, since the amortization period is generally longer than the term.
The number of years over which the mortgage loan is arranged.
Academic year running from September to June Academic Year
This is the amount of years; you take out your mortgage for.
The number of months or years during which you'll be paying back your loans.
Tenancies in Hong Kong normally last for two years. Sometimes, landlords will agree to a break clause which means that the tenant can give early notice of termination, usually with 2 or 3 months' written notice to be given to the landlord after twelve or fifteen months' occupancy.
The Academic Year is split into three terms (autumn, spring and summer) with holidays in between. Terms are not necessarily of equal length. (See also, Semester)
Period of time from the issue of a bond to its maturity or premature repayment. Not to be confused with the duration. See also "time to maturity".
This is the period of time between the beginning loan date stated on the agreement and the date when the entire balance of the loan has been paid.
The length of time covered by an insurance policy or a premium.
The length of time in which a loan is to be paid off.
The period over which a loan is scheduled to be repaid, or over which an investment runs.
The length of a loan or a defined period within that loan.
The duration of a mortgage agreement. As the amortization period is longer than the term, mortgage payments made may not fully cover the outstanding principal by the end of the term.
Each academic year is divided into terms dependent upon how the courses you are studying are delivered. The academic year may be divided into either two semesters or three trimesters.
A period of study during which all course material is covered and exams are completed. Normally, the fall term begins the day after Labour Day and is complete prior to Christmas and the winter term begins in January and is complete by the end of April. Vocational terms may vary in length, depending on the length of the program.
The length of time for which money can be borrowed.
Duration of a loan or portion of that loan
The academic year is divided into four (Fall, Winter, Spring, Summer) terms for the purposes of registration and the scheduling of classes and examinations.
Time period during which classes meet. Fall and Spring terms are approximately 16 weeks. Summer term is 12 weeks. A three-credit course meets approximately 45 hours during a term.
The period of time covered by a policy.
The semester on which you are working; a drop-down box will always be provided to enable you to choose the correct term.
The period or duration of a note or loan.
The length of time during which the special conditions of the mortgage remain in force. At the end of the term, things such as interest rate, pre-payment privileges, etc. are re-negotiated.
This it the agreed amount of time allowed until a debt must be repaid. repaid.
The length of time you take to repay your mortgage.
The period of time the financing agreement covers. The terms available are: 6 month, 1,2,3,4,5,6,7,10 year terms, and the interest rates will be fixed for whatever term one chooses. When the term expires, you can either repay the balance of the principal or renegotiate the mortgage at current rates and conditions.
The period of time during which the policy is in effect.
A period of time for which a bond or policy is issued.
Periods during which University teaching sessions are conducted throughout the academic year.
A provision of a loan or contract that specifies the length of time the contract is to run.
The length of time that you pay a specific interest rate on your mortgage loan. At the end of the term you may repay the balance of the loan or re-negotiate at current rates and conditions.
The length of time you are given to repay a loan.
The length of a loan. For example, 30 years.
The period of time during which loan payments are made. At the end of the loan term, the loan must be paid in full.
The period of time (years) over which a mortgage is repaid.
For a fixed-indexed annuity: for a declared rate strategy, the period of time during which the interest rate is declared and cannot be changed; for an indexed strategy, the period over which an indexed interest rate is calculated.
The time period at the end of which a mortgage becomes due and payable.
The Term of a loan is simply the length of time the loan is repaid over, usually specified in months. So a loan over 4 years would have a term of 48 months.
The time limit within which a loan must be repaid.
A specific period of time.
The period of time for which a policy is valid.
Period corresponding to the duration of an investment or observation of a market.
The length of time that a loan will be repaid over.
The time of year in which the course was taken, fall, spring, winter, interim
The period of years over which you take the mortgage and when you have to repay it. Most new mortgages are taken on a 25-year term.
The length of a loan (usually in months for purposes of loan calculations)
The actual length of time for which money is loaned, i.e., a mortgage.
Insurance Protection during limited number of years; expiring without value if the insured survives the stated period, which may be one or more years but usually is five to twenty years, because such periods usually cover the needs for temporary protection.
The academic year is broken into three terms, running from late September to mid December, early January to mid March and then from mid April to the end of May.
The length of the current mortgage agreement. A mortgage may be amortized over a long period (such as 25 years) with a shorter term (six months to five years or more). After the term expires, the balance of the principal then owing on the mortgage can be repaid or a new mortgage agreement can be entered into at the then current interest rates.
length of a lease or rental agreement, or, an item or requirement in a lease or rental agreement.
The period of time which covers the life of the loan. For example, a 30 year fixed loan has a term of 30 years.
The length of time over which a mortgage is to be repaid. Also the length of a Lease.
The period of time for which a policy or bond is written.
The length of time over which your mortgage loan is to be repaid.
one of three periods ( Michaelmas, Lent, Easter) in the academic year which students must keep in order to qualify by residence for their degree. See also: Full Term.
A specific period of the year during which classes are in session. Examples include Fall, Winter, Spring terms.
The length of a home loan such as 25 years.
The period of time for a loan to be repaid.
The length of time the interest rate is fixed. It also indicates when the principal balance becomes due and payable to the lender.
The length of time during which a mortgagor pays a specific interest rate on the mortgage loan. The entire mortgage principal is usually not paid off at the end of the term because the amortization period is normally longer than the term.
The period of time which covers the life of the loan. TILA See Truth-in-Lending Act.
The school year begins in September. Three terms make up the school year: summer term is before the summer holiday. Winter term is before Christmas and Spring term is between Christmas and Easter.
A period of instruction. During the fall and spring, the term is a standard 16-week semester. During the summer, various shorter length periods of instruction are offered: Summer A and Summer B are six-week terms; Summer C is a 12-week term.
The "actual" length of time for which the money is borrowed. At the end of each term the loan may be renegotiated as to the interest rate, payments, and the amortization period.
The duration of the finance or lease contract, usually expressed in months (e.g., 24 months, 36 months).
The time period of a loan or lease agreement.
An 8 to 12 week academic period of study. There are normally three terms in the UK Academic year.
The loan term is the number of months that you will make monthly payments. If the loan term is the same as the payment calculation term, you will pay the loan in full during the loan term and no balance will be due. If the payment calculation term is greater than the loan term, a balance or "balloon payment" may be due at the end of the loan term.
The time period in which a mortgage must be paid.
The length of time during which you pay a specific rate on the mortgage loan (i.e., the number of years in your mortgage contract). This is different than the amortization period. A mortgage is usually amortized over 20-25 years, with a shorter term (typically 6 months to 5 years). After the term expires, the interest rate is usually renegotiated with the lender (your bank, for example).
Period of a loan expressed in months or years.
A period of time that a loan can be repaid over.
Each session has two terms: Winter Session terms are September to December and January to April. Summer Session terms overlap: Term 1 (mainly evening courses) is May to August and Term 2 (mainly daytime courses) is July to August.
The length of time the borrower has to pay back the principal with interest. Depending on the type of loan you choose, the longest mortgage term for residential properties is typically 30 years.
This refers to the space of time mortgage funds are borrowed, on the expiry date the debt obligation is either paid in full or a new term negotiated.
Period of time the policy is in force.
The duration of the mortgage (normally 25 years).
A specified period of time.
The period of years over which you take the loan.
The length of time between the start and finish of a mortgage loan or insurance policy.
The length of a mortgage commonly listed in months.
the unit into which the year is divided for teaching purposes: each teaching term is eight weeks long (with periods of time either side for private study in Cambridge, if the student so wishes), and there are three per year: Michaelmas (running from October to December), Lent (January to March), and Easter (April to June). Most degrees are taught over nine or twelve terms – that is, three or four years.
The length of time during which you pay a specific interest rate on your mortgage loan. You may not have paid off your entire mortgage principal at the end of a term because your amortization period will likely be longer than the term.
The period for which the conditions of the mortgage apply and after which must be renegotiated.
the period set out in the Schedule (subject to a minimum period of three months) from and including the Commencement Date renewable automatically for similar periods unless and until terminated in accordance with these Conditions;
Period for which the policy runs. In life insurance, this is to the end of the term period for term insurance.
The period of time over which a loan is paid.
The total number of periods required to reduce the borrower's debt to zero or to the negotiated balloon. The term is calculated by multiplying the number of periods in a year by the number of years. (Ex. a five year loan calling for monthly payments would have a term of 60 periods).
Enter the term (total number of payments) for the construction period.
The length of time that the lender guarantees the interest rate. At the end of the term, the mortgage comes up for re-negotiation. See also Maturity Date.
40 weeks (or thereabouts) from the first day of the last menstrual period.
The time required to repay a loan.
A term is a period of study within a session. The Spring/Summer session, for example, contains three terms. Term 1 runs from May 1st to June 16th; Term 2 runs from June 19th to August 4th; Term 3 runs from May 1st to August 4th, 2006 .
A specified period used for keeping grades, such as quarter, semester, or trimester.
The length of a loan or lease, usually 24, 36, 48 or 60 months.
The term “Term” shall mean a period of time starting on the Effective Date and renewing for consecutive one year periods of time as of the Signing Date (and each anniversary thereof), unless earlier terminated or canceled as provided under this Agreement.
Generally leases run for 12, 24, 36, 48 or 60 months.
The amount of time in which a loan must be repaid in full
A period in years. Eg. A mortgage term, the length (in years) of the mortgage.
Also known as the life of the loan and refers to the length of time for which the loan is to be repaid.
A prescribed period of time. A loan that is to be paid back over thirty years has a thirty´year term.
The duration of a loan, or a specific period within that loan. This is usually wriiten in months, eg 360, which is 30 years.
The length of time a mortgage rate is fixed or adjustable prior to it coming due. Different from loan amortization.
The length of the current mortgage agreement, usually from 6 months to 5 years. It can be thought of as the length of the contract entered into by the borrower and the lender. Technically speaking, at the end of the term the mortgage amount must be paid in full. However, in practice the outstanding balance of the mortgage is simply renegotiated at the current rate of interest. Borrowers may approach any financial institution when their current term has expired. Term is not the same as amortization.
The length of time a lender will lend mortgage funds to a borrower. Most lenders offers fixed rate terms of 1,3,5 and 10 years and a 5-year variable rate mortgage. After this period, you can either repay the balance (the remaining principal plus interest) of the mortgage, or renew the mortgage for another term. The total amortization of a mortgage is usually made up of several terms.
The time for which something lasts e.g. how long you have to pay back a loan.
The length of time the interest rate is fixed, usually from 1 to 10 years. At the end of the term the borrower may either pay out the loan in full or renew the mortgage with a new term.
In the course of one academic year, there are four terms. Each term is 9 weeks of study followed by an exam week.
The length of time that a mortgage agreement covers. When the term expires, the mortgage is usually repaid in full or renegotiated for another term.
the period of time over which a mortgage is taken out
The time period stated in a lease or mortgage.
A period of years, usually 20-25, over which you spread your mortgage repayments.
A segment of time in the academic year (i.e., four months) also referred to as a semester.
The length of time and number of payments due under of a loan
A period of time, such as the term of a lease.
For a loan this is the period of time between the beginning of the loan and the end date, at which time the balance of the loan would be due.
The period covered by an automobile loan or lease, typically 24, 36, 48, or 60 months.
the period of duration of a note.
With respect to mortgages, a time period at the end of which the outstanding balance of a mortgage is due and payable.
The period of time until a loan must be repaid.
The period of time in which a loan must be paid off.
The period covered by a vehicle loan or lease, typically 24 to 84 months.
The period used to calculate the monthly mortgage payment. The term is usually but not always the same as the maturity. On a 7-year balloon loan, for example, the maturity is 7 years but the term in most cases is 30 years.
The term of a mortgage is the length of time that the mortgage conditions, including the interest rate you pay, are carried out. Terms are usually between 6 months and 10 years. At the end of the term, you either pay off the mortgage or renew it, possibly renegotiating its terms and conditions.
A period of approximately 4 months in which an academic year is divided (see Seminar)
The duration of a loan. For a home loan, a term of 25 or 30 years is fairly standard. Loan terms will also often be referred to as a number of months i.e. a 30 year loan can be expressed as 360 months.
Period of continuous study without vacations. In the UK, the academic year is normally split into three terms. In universities, these terms are between eight and twelve weeks long, with a long vacation in the summer months.
The length of time for which the money is loaned at a particular rate of interest. After the term expires, you can either repay the balance of the principal then owing or renegotiate the mortgage at current rates.
The Term of a loan is simply the length of time the loan is repaid over. So, if your loan was taken out over five years, it would have a term of 60 months.
the length of time over which a loan or mortgage is repaid.
A period of time, such as the length of a mortgage
Defines the length of time a mortgage agreement is in effect before it has to be paid off or renegotiated.
A unit of time that defines the days school begins, ends and is in session during the course of a year. For example, a semester or trimester. The beginning and ending of a section typically corresponds to one or more terms. Students are generally recieve evaluations for each section at the end of the term.
THE LENGTH OF TIME TAKEN TO PAY OFF YOUR MORTGAGE, ASSUMING YOU PAY ON TIME. IT IS SOMETIMES CALLED THE “REPAYMENT PERIOD”.
The period of time between the commencement date and the termination date of a note, mortgage, legal document, or other contract.
The period that covers the life of the loan. For example, a 20 year fixed loan has a term of 20 years.
The amount of time (usually computed in months) until the balance of a Note is due and payable. For example, a Note may fully amortize over a 10 year period (120 months). However, the Note may also call for a balloon payment to be made at the end of the fifth year (60th month). In this case, the term of the Note would be 60 months or five years.
This relates to the number of years you take the mortgage out over, at the end of which it must be repaid.
The time period of a loan. Auto loans are generally two to five years in duration, as compared to a home mortgage loans that generally have 15 or 30-year terms.
The amount of time that the contract is written for and that the interest rate is guaranteed for. Not to be confused with "Amortization". Typically in Canada terms range from 1 to 10 years.
The lifespan of the contract to repay a loan.
The loan term (sometimes called the amortization period) refers to the length of time it will take to pay off your loan by making regular payments.
An agreed upon length of time in which a loan is to be repaid.
The length of time until the maturity date of a bond when the principle will be repaid.
The number of years it will take to pay off a loan.
The length of time a lender will lend mortgage funds to a borrower. Most mortgage terms run from six months to five years. Certain lenders may offer longer terms (eg. 7 or 10 years). After this period, the borrower can either repay the balance (the remaining principal plus interest) of the mortgage, or renew the mortgage for another term. The total length of a mortgage is usually made up of several terms.
The period of time during which a loan is repaid.
The length of time a mortgage agreement covers. Usually one to ten years, do not confuse with amortization. At the end of a term, if the mortgage is not paid in full it is then renegotiated and almost always at a new rate.
A length of time in which to repay a loan. The term is usually agreed to by the lender and borrower in the borrower's contract or promissory note. It also refers to language used in legal documents, such as the promissory note, that defines how a loan will be borrowed and repaid. It also refers to some postsecondary educational institutions' academic periods.
The length of the loan expressed in months or years.
The length of time during which a borrower pays a specific interest rate on the mortgage loan. At the end of the term, the borrower either pays off the mortgage or renews it. Title (freehold): A title gives the holder full and exclusive ownership of the land and building for an indefinite period.
The mortgage term is the length of time before the mortgage loan must be repaid.
Number of years over which the loan is scheduled to be repaid.
The period of time between the commencement date an termination date of a note, mortgage, legal document, or the contract.
The length of time a mortgage has been committed for. The interest rate usually remains constant during this term unless the commitment states otherwise.
The period of time over which the interest rate, payment and other mortgage conditions are set. At the end of the term the mortgage is due and payable unless renewed.
A lease term is the number of scheduled months in your lease agreement. If you finance the purchase of your vehicle, the term represents the number of months you agree to pay off the contract with equal monthly installments.
The period of time between the date the loan obligation is incurred and the date the entire balance of the loan is due in full.
A period of time within the academic calendar that consists of one or more sessions.
This is the length of the loan, usually stated in months. This applies to leasing and financing. They are often listed as 24, 36, 48, 60 and 72 months.
The period in which a policy is in effect.
The period of time over which the loan is to be repaid.
The length of the mortgage loan; usually expressed in years.
The length of time during which the specific mortgage agreement is effective. When the term expires, the balance of the principal is either repaid in full or the mortgage is renegotiated at then-current market rates and conditions. The term of a home loan is the number of years the home loan is amortized for. Home loans are generally amortized over 15, 20 or 30 years.
A period of time (usually months) that a loan must be repaid.
The length of time your money must remain in a CD without incurring an early withdrawal penalty. This term also refers to the period of time that covers the life of a loan.
A period of insurance / The time for which anything lasts / A word used in an understood or defined sense. / A condition or stipulation in an contract.
is a period of study within a session. The Fall/Winter session, for example, contains three terms: Term 1 runs from September to December; Term 2 runs from January to April; Term 3 runs from September to April.
A term is a particular 4-month period within which sessions are defined and fees are arranged. It is also used with reference to work terms for students in the co-operative system of study. For undergraduate students, an academic year is usually 2 academic terms if you are in the regular system of study in which full-time students take 5 courses per term. See Terms Offered, Terminology in the Undergraduate Calendar. Fall September to December Winter January to April Spring May to August The breakdown of the 4-digit number for terms is as follows: 1075 represents the Spring (May) 2007 term. The first digit is the century; that is, "1" means the 21st century. The middle 2 digits represent the year; that is, "07" represents the year 2007. The last digit represents the first month of the term; that is, "5" represents May. For example, if you wish to find the Winter 2009 term, the first digit should be "1" since 2009 is in the 21st century. The next 2 digits should be the "09" in 2009. The last digit should be "1" since the winter term begins in January. Therefore Winter 2009 is represented by 1091.
Each academic session is divided into Term 1 and Term 2. In the Regular Session first term runs from September to December and second term from January to April.
The length of time for which a policy or bond is in force.
The length of a pregnancy, or 40 weeks.
Indicates the period of time that it will take to pay off the loan and is usually expressed in months or years of time. Car loans generally fall into 24, 36, 48, and 60 month periods.
The lenght of time wihch you pay a specific interest rate on your mortgage loan. At the end of the term, you may repay the balance of the loan or renegotiate at the current rates and conditions.
The period of time during which something is in effect.
This is nothing but a period of time for which an insurance policy is in force.
Is the length of the auto loan that is usually 24, 36, 48 or 60 months.
The period of time between the start of the loan repayment and the time the balance becomes nil.
Period of time during which the conditions of a transaction will be carried out.
The duration of a loan. Auto loans are generally two to fours years in duration, while home mortgage loans generally have 15- or 30-year terms.
The length of time a lease lasts. Most terms are 24 to 48 months long.
The period of time between the beginning loan date on the legal documents and the date the entire balance of the loan is due.
The Cambridge academic year is divided into three eight-week terms (with periods of time either side for private study in Cambridge, if the student so wishes). Most undergraduate degrees are taught over nine or twelve terms - three or four years.
The duration of the retail contract/lease agreement, usually expressed in months (e.g., 24 months, 36 months).
The number of years before your loan is scheduled to be paid of. 15-year and 30-year terms are most common
A set amount of time for a financial product. This usually refers to the number of months before a particular loan must be completely repaid or the number of months funds in a certificate account must be on deposit before they may be withdrawn without penalty.
The period for which a mortgage is taken out.
A period of time within an academic year in which classes are presented. Examples are semester 1, semester 2, summer semester etc.
The period of cover your plan provides.
The length of time a Parliament may sit before an election must be called. The South Australian Parliament has a 4 year term.
Generally you can lease software over 12, 24, 36, 48 or 60 months.
the amount of time over which you have agreed to pay off the mortgage, usually about twenty-five years.
This is the length of time for which the policy is scheduled to remain in effect. Back to the top of the page
The length of a home loan or a specific portion within that loan.
The duration of the lease or loan agreement, typically expressed in months.
A period of instruction, usually of 12 weeks duration
The length of time that a lessee will make payments on a loan. Typical car loans have terms of 24, 36 or 48 months.
The length of time an interest rate applies to a loan. It also indicates when the principal balance becomes due and payable to the lender.
The length of time a loan or the predetermined length of time within the loan.
period of time for which the mortgage money is loaned to the borrower. At the end of the term, the mortgage must be repaid in full, renewed, or refinanced (page 100).
Refers to the maturity or length of time until final repayment on a loan, bond, sale or other contractual obligation.
The period of time for which the policy runs.
Each rental lease is for a duration of time. This period of time is called the term and will range from one month to a two or three years. Typically an unfurnished apartment will rent for a term of 12-24 months.
Term is the scheduled length of time the contract is designed to be in effect.
Number of months for this loan.
The time period for which an insurance policy provides coverage.
1. A limited or set period of time. 2. When dealing with a mortgage, term refers to the length of time in which a borrower agrees to pay back the lender. The interest rate and payment schedule is also predetermined. The interest rate typically stays constant during the term unless otherwise specified in the loan agreement. For example, a five year fixed rate mortgage has a term of five years.
The length of time a mortgage agreement covers. Payments made may not fully repay the outstanding principal by the end of the term because the amortization period is generally longer.
The period of time which covers the lifetime of the loan. For instance, a 20 year fixed loan has a term of 20 years.
A mortgage "term" is the length of time for which money is loaned at a specified rate of interest. When the term expires, you can either repay the balance of the principal or renegotiate the mortgage at current rates and conditions.
Referring to a 40 week pregnancy ("full term," "preterm" and "post term.").
The length of time during which a policy runs, or, in the case of a mortgage, the period by the end of which you must have repaid your borrowings (e.g. a mortgage).
The length of time that a lease transaction is in effect, measured as the period of time between the Commencement Date and the Expiration Date.
The period for which insurance coverage is given.
The specified period of time the policy is in effect.
A period of time. For example, the length of time for which a deposit is made, or the time in which a loan must be repaid.
The period of time from the inception to the termination of an insurance policy or bond.
The period of time or time frame indicated by the effective dates on a policy declarations page.
The time frame from the beginning date on a loan contract to the full repayment of the loan.
Aloan's maturity, stated in months or years.
The extent of time for which an estate is granted. For example, the period which is granted for the lessee to occupy the premises; it does not include the time between making the lease and the tenant's entry.
The length of time specified for the repayment of a loan or the duration of an investment.
The maximum time allotted for a loan to be repaid.
a period of time for which a policy or bond is issued.
Usually we think of occupancy on a yearly basis or from month to month. However, in the case of an occupancy agreement the arrangement should run from day to day. Why? Because to end the occupancy it may be necessary to give notice in advance, sometimes the equivalent of a full month or however long the occupancy is defined. By making the occupancy day-to-day, it may be possible to remove the occupant with just one day's notice.
The length of time an investment has until maturity.
The time to the maturity of a loan or deposit, expressed in months or years.
In a mortgage "term" is the actual length of time for which the money is loaned.
The number of years before a loan is paid in full; 15 to 30 year terms are most common for home mortgages.
The period of time since the start of a financial contract or the stated "lifetime" of a contract or investment.
A period of time in the academic year.