Financial Definition of Level Pay
Meaning of Level Pay
The characteristic of the scheduled principal and interest payments due under a mortgage such that total monthly payment of P&I is the same while characteristically the principal payment component of the monthly payment becomes gradually greater while the monthly interest payment becomes less.
Related Entries of Level Pay in the Encyclopedia of Law Project
Browse or run a search for Level Pay in the American Encyclopedia of Law, the Asian Encyclopedia of Law, the European Encyclopedia of Law, the UK Encyclopedia of Law or the Latin American and Spanish Encyclopedia of Law.
Level Pay in Historical Law
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Legal Abbreviations and Acronyms
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You might be interested in these references tools:
| Resource | Description |
|---|---|
| Level Pay in the Dictionary | Level Pay in our legal dictionaries |
| Related topics | Browse topics from the World Wiki Encyclopedia of Law |
| Browse the Legal Thesaurus | Find synonyms and related words of Level Pay |
| Legal Maxims | Maxims are established principles that jurists use as interpretive tools, invoked more frequently in international law |
| Legal Answers (Q&A) | A community-driven knowledge creation process, of enduring value to a broad audience |
| Related topics | Level Pay in the World Encyclopedia of Law |
What is Level Pay?
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| Sitemap Index | Sitemap Index, including Taxonomies |
| https://legaldictionary.lawin.org/level-pay | The URI of Level Pay (more about URIs) |
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