termcliff
/ˈtɜːmˌklɪf/nounVerified NewThe abrupt rise in payments when a fixed-rate mortgage or contract ends and rolls onto the standard rate.
Households budget to the fixed figure for years and meet the true price in a single letter. Termcliff is deferred arithmetic arriving all at once.
Etym. — term + cliff — the payment schedule as terrain, with an edge in it.
Rel. — plantorpor
Novelty check: NEW · checked 2026-11-08
review evidence: wordstoreview/review-batch-3-05-money.md
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