Meaning Interest-Only Payment
What does Interest-Only Payment mean? Here you find 3 meanings of the word Interest-Only Payment. You can also add a definition of Interest-Only Payment yourself
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Interest-Only PaymentPayment that covers the interest owed but not the principal balance.
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Interest-Only PaymentA payment that covers only accrued interest owed on a loan and none of the principal balance. Borrowers making interestonly payments may make larger payments at any time.
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Interest-Only PaymentA payment that covers the interest owed on a loan, but not the principal owed.
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