Interest Included Note

Concept of Interest Included Note in the context of Real Property

A short definition of Interest Included Note: A note having equal payments (usually monthly). Interest is figured on the declining principal balance. As the principal decreases, interest also decreases, applying more of each payment to principal. See also: Interest Extra Note.

Concept of Interest Included Note in the context of Real Property

A short definition of Interest Included Note: A note having equal payments (usually monthly). Interest is figured on the declining principal balance. As the principal decreases, interest also decreases, applying more of each payment to principal. See also: Interest Extra Note.