The bank caclulates loan interest as "simple" interest -- for every payment period, multiply the current outstanding principal by the current interest rate to determine the interest payment.

银行用“简单”利息的方法计算贷款利息-在每个还款期间，用当前未还清的本金乘以当前利率，从而计算出应付的利息。

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That has undoubted appeal for policymakers in countries where floating-rate mortgages expose borrowers to the risk of payment shocks as rates rise.

对于那些采取浮动利率抵押贷款，利率增加时贷款人面临支付成本上升的国家的政策制定者来说，这无疑具有吸引力。

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Signs of strain are everywhere. In September the Department of Education reported that in 2009 the default rate, which is defined as non-payment for 270 days, had reached 8.8%.

这种紧张气氛的迹象无处不在，9月教育部报道了2009年的违约率达8.8%，也就是说270内未能完成付款的比率。

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Some lenders will agree to a lower, fixed-rate payment if the alternative is no payment and foreclosure.

NPR: Adjustable-Rate Mortgages Fuel Foreclosure Crisis

It will involve merging the state second pension with the basic state pension, to create one flat-rate payment.

BBC: Flat-rate state pension 'expected to start in 2017'

He also said that all current workers' accrued second state pension rights will be recognised, so they will be paid a top-up to the new, merged, flat-rate payment.

BBC: 'Simpler' flat-rate state pension unveiled