graduated payments
[ˈɡrædʒu.eɪ.tɪd ˈpeɪ.mənts]
nounpl: graduated payments
pagamentos progressivos
1. A payment plan where the amount paid increases gradually over time, typically used in loans, mortgages, or installment plans
The graduated payment mortgage allows borrowers to start with lower payments that increase over time as their income is expected to grow.
A hipoteca com pagamentos progressivos permite que os mutuários comecem com pagamentos mais baixos que aumentam com o tempo, conforme sua renda é esperada crescer.
2. In student loans, a repayment option where payments start low and increase every two years
She chose graduated payments for her student loans to manage her budget during her early career years.
Ela escolheu pagamentos progressivos para seus empréstimos estudantis para gerenciar seu orçamento nos primeiros anos de carreira.
Graduated payments are particularly common in the United States for mortgages and student loan repayment programs, reflecting the expectation that borrowers' incomes will increase over time. In Brazil, this concept is increasingly adopted in consumer credit and real estate financing as income-based repayment solutions become more popular among financial institutions.
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