Definition of 'payment holiday'
Example sentences containing 'payment holiday'
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There may also be restrictions on the number of payment holidays you can take. Times, Sunday Times (2006)Banks have allowed struggling borrowers to take payment holidays or capitalise interest in moves which flatter the arrears figures. Times, Sunday Times (2012)Get a more flexible mortgage Flexible mortgages allow you to make overpayments when you are flush and take payment holidays when money is tight. Times, Sunday Times (2008)If you are made redundant, you may have to prove you have a job to go to before you can take a payment holiday. Times, Sunday Times (2008)Bear in mind, that if you take a payment holiday, interest will still build up and be added to your mortgage. Times, Sunday Times (2014)
Definition of payment holiday from the Collins English Dictionary
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