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<strong>Repayment schedule</strong> – The legal addendum to the promissory note stating the terms of repayment and fulfilling disclosure requirements. The repayment schedule includes the total principal and interest due, the regular installment amount due, and the number of installments required to pay the loan in full. It also includes the interest rate, the due date for the first payment, and the frequency of installments.
cottage industry (LO)<br />An industry whose production takes place in workers' homes. Handloom weaving before the INDUSTRIAL REVOLUTION was organized in this way; now, NETWORKING and TELECOMMUTING are home based.<br /><em>See also:</em> domestic system; home production; homework ; networking economy; proto-industrialization
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