Apr 25, 2005 03:06
19 yrs ago
7 viewers *
English term

odd days interest

English to Spanish Bus/Financial Business/Commerce (general)
odd days interest, hazard and mortgage insurance premiums, escrow reserves,

Proposed translations

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23 hrs
Selected

intereses que se cobran por los dias previos al primer vencimiento de pago

Si por ejemplo, se cierra el contrato de hipoteca el dia 18 y no hay que hacer el primer pago hasta el principio del mes siguiente.


Bankers Online: Odd Days interest, again... Does anyone see a problem with collecting odd days interest for a ... By collecting the odd days interest, the bank can make the first interest payment ...
www.bankersonline.com/ubbthreads/ showflat.php/Cat/0/Number/347974/Main/347943 - 70k - Cached - Similar pages
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Description of Installment Loan Calendar Systems... If a loan has no odd-days in the first period, ie, the loan date and ... Simple interest loans charge the borrower one day's interest for each day the ...
www.promsoft.com/cal_systems.htm - 23k - Cached - Similar pages



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Note added at 23 hrs 15 mins (2005-04-26 02:22:18 GMT)
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Interese que se cobran/pagan...depende de que lado se mire.
Peer comment(s):

agree Gabriela Rodriguez
2 hrs
Gracias, gaby31. Un saludo.
agree Walter Landesman
242 days
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4 KudoZ points awarded for this answer. Comment: "Selected automatically based on peer agreement."
3 mins

intereses durante un intervalo regular

Diccionario de Negocios de Wiley's
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3 hrs

intereses de días sueltos (fuera del período de pago habitual)

Odd days interest is a variable interest charge paid at loan closing and represents interest due the lender from the date of loan disbursal to and including the last day of the month in which the loan was disbursed. This charge can be as little a 1 day or as great as 31 days depending upon that date loan funds are disbursed. In the above examples, 1 day odd days interest was used to perform the annual percentage rate calculation.



No. of Odd Days Interest = Number of days per diem interest on this loan.
Payments / Year = Number of payments per year. Typically 12 (or 26 for biweekly).
Addl Unit Periods = If the first payment due date is greater than 1 month + odd days, enter the number of months. For example, if the closing date is 2/15/2003 and the first payment is due 7/1/2003, you would enter 13 days for odd days interest, and 3 for Addl Unit Periods, as the
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