Business and Personal Finance Dictionary

# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z 

• GRADUATED REPAYMENT PLAN
  
  A repayment schedule under which the amount of the borrower's installment payment is scheduled to change (usually increasing) during the course of the repayment period. The Graduated Repayment Schedule cannot exceed 10 years, excluding in-school, grace, deferment, or forbearance periods. This repayment plan is available for federal loans only.
  
  Back