Module loan
Expand description
A loan: the principal drawn at the start, interest on each period and the principal repaid at the end, booked from the lender’s side.
Structs§
- Callable
Loan - A loan with exercise rights: the borrower may prepay it
(a
Call) or the lender demand it back (aPut) on each entry’s date, at the entry’s price per 100 of the principal then outstanding — plus the interest accrued, for a clean price. Booked from the depositor’s side it is a callable or puttable term deposit. A floating loan exercises on its interest dates alone, where nothing has accrued. - Loan
- A loan as two legs, one per direction of cash: the drawdown, and the servicing — the interest and the repayment.
Enums§
- Amortisation
- How a loan repays its principal before maturity, when it does.