Glossary entry

English term or phrase:

Bow Debt

French translation:

endettement sur un emprunt (prêt) à taux variable

Added to glossary by jemo
Nov 6, 2003 20:43
21 yrs ago
English term

Bow Debt

English to French Bus/Financial
Within the context of a loan application, what is a 'bow debt'?
Thank you for your help.

Proposed translations

36 mins
Selected

emprunt (prêt) à taux variable

d'où "niveau d'endettement sur les emprunts à taux variables"

...
"Bow-Tie Loan
A variable-rate loan that attempts to smooth the impact of rate increases on borrowers by deferring a portion of high interest rates until maturity. Usually, all interest above a certain rate is deferred to maturity."

"http://www.housense.com/resources/glossary.html"
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4 KudoZ points awarded for this answer. Comment: "Thank you very much for taking the time to help me."
39 mins

something you can stretch like a bow

which can be carried over a few months or is it a misprint for borrow?!!
Good luck
Ségolène
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