Interest payment
Definition
The dollar amount of interest paid each month. It is the same as interest due so long as the scheduled mortgage payment is equal to or greater than than the interest due. Otherwise, the interest payment is equal to the scheduled payment.
Related Terms Other terms related to 'Interest payment' starting with the letter 'I' Investor, Interest rate floor, Interest rate ceiling, Interest rate index, Interest rate decrease cap Browse by Letter » 1 4 A B C D E F G H I J L M N O P Q R S T U V W Y | 