GRADUATION PERIOD
\ɡɹˌadjuːˈe͡ɪʃən pˈi͡əɹɪəd], \ɡɹˌadjuːˈeɪʃən pˈiəɹɪəd], \ɡ_ɹ_ˌa_d_j_uː_ˈeɪ_ʃ_ə_n p_ˈiə_ɹ_ɪ__ə_d]\
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Documented time schedule for graduated mortgage payments to increase by set percentage. This time schedule is usually annually. Typically this is a fixed rate mortgage, not an adjustable rate mortgage. In this way, the borrower knows what the new payments amount will be by schedule.
By Henry Campbell Black
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