Attention: The URL for Debt Management Unit website is now online.mof.gov.jm/dmu

Glossary

Glossary

We have provided explanations of some commonly used DMU terms. Please click on a letter below.

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 |

A Terms

1. Amortisation
Amortisation refers to principal repayments on loans. These repayments reduce the borrowed money by portions which are usually fixed amounts expressed as a percentage of the whole. Most of the domestic debt has a bullet repayment - the entire principal is repaid at maturity rather than gradually over the term of the loan.

http://www.mof.gov.jm/glossary/default.shtml

Learn more | Top

2. Auction System
An auction is a system by which securities are bought and sold on a competitive bidding process. The auctions are conducted on a multiple-price-bidding basis, which means that the successful investor will receive stocks at the price he bids.

Top