Additional Payments Definition

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Posted on November 17, 2018 at 18:08 PM

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What is Additional Principal Payment? definition and meaning
Definition of additional principal payment: A payment by a borrower of more than the scheduled principal amount due in order to reduce the principal....
Payment | Definition of Payment by Merriam-Webster
Prompt payment of your bill ensures that you will not have to pay any additional fees. We require payment in advance for all goods purchased. a payment plan to reduce your debt cash, credit cards, and other methods of payment Our records show that we received a payment of $215.36 in May. Buy this product for three easy payments of only $19.95!
Additional principal payment Definition |
Additional principal payment example. Donna took out a $15,000 loan with an annual interest rate of 10 percent and a term of 36 months. Her regular monthly payment is $484.01.

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