Meaning accelerated payment
What does accelerated payment mean? Here you find 2 meanings of the word accelerated payment. You can also add a definition of accelerated payment yourself
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accelerated paymentDefinition An additional, unscheduled payment made on an amortized loan. The effect of the payment is to reduce the outstanding principal thus lowering total interest owed.
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accelerated paymentThe option to make higher repayments to pay off the loan faster.
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