A payment on a loan that includes both a portion of the loan's interest and the loan's principal.
Related information about constant payment:
- What is constant payment loan? definition and meaning
Definition of constant payment loan: Fixed installment loan where, as the loan is paid off, a progressively larger portion of the installment goes toward reducing ...
- What is constant payment? definition and meaning
Definition of constant payment: A payment on a loan that includes both a portion of the loan's interest and the loan's principal.
- Constant-Payment Loan: Definition from Answers.com
Loan on which equal payments are made periodically so as to pay off the debt when the last payment is made.
- What is CONSTANT PAYMENT LOAN? - The Law Dictionary
Definition of CONSTANT PAYMENT LOAN: A loan that while it is paid off a large amount comes off the balance. Much of many payments go towards interest ...
- Loan Calc
Constant Payment: principal+interest / Grace Type: no grace period? 2. Constant Payment: principal+interest / Grace Type: principal only? 3. Constant Payment: ...
- Constant payment loan | Real Estate Agent Glossary
Constant payment loan. Loan mandating equal periodic payments to pay off the loan subsequent to the last payment. Search Popular Counties; Chemung Real ...
- Could someone give me an excel formula to figure payoff months for ...
Honestly that works better with constant payment and rate like in a mortgage or student loan. For my credit cards, I just did it manually by calculating the financial ...
- Finance Loans using Excel
What constant payment PAYMENT, consisting of PRINCIPAL_i and INTEREST_i over n periods results in a sum of PAYMENT_i which equals the amount of the ...