| English term or phrase: annual (monthly, daily) rest loan | Wie bezeichnet man den "annual rest loan" auf Deutsch?
Hier zwei Definitionen:
1. This refers to mortgage accounts where interest on the loan amount is calculated on an annual basis.
2. Rest: A contradictory word here as it does nothing but increase your tension. Interest rates are quotes on a daily rest, monthly rest or annual rest basis. The annual rest quote implies that the company gives you the credit for the monthly principal repayments only at the end of each year. Such loans are therefore more expensive than a monthly/daily rest loan. The shorter the tenure of the loan, the greater the effective interest rate difference will be. |
| |
The translation workplace 
peer agreement (net): +3
