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Loanfactz Definitions
Glossary of Legal Terms, Loan Terms and Home Construction, Repair and Maintenance Definitions. Some words have more than one meaning. Only those meanings relating to this site will be used.
All of D
Deferment
A period of time during repayment when the borrower, upon meeting certain criteria, is not required to make regular monthly payments. Depending upon the type of loan, the interest may or may not be paid by the government during the deferment period.
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