Additional Payments Definition

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Posted on December 20, 2018 at 17:36 PM



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Recent Posts For Additional Payments Definition

Additional Principal Payment Definition | Canadian ...
additional principal payment, n. Extra money included with a loan payment to pay off the amount owed faster. ... Definition of additional principal payment. ... pre-payment Applying additional payments towards the balance of a mortgage loan. ...
What are Supplementary Payments? - Definition from ...
Supplementary payments are payments that are additional to the basic providing of liability insurance coverage. The costs for these payments are often incurred when an insured party is defending a claim investigation.
Additional Principal Payment Law and Legal Definition ...
An additional principal payment is made towards the principal balance of a loan. This enables the borrower's future interest payments to be reduced. Most of the early payments go toward principal in amortized loans, such as most mortgages and auto loans.

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