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
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Level Pay in Historical Law
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Legal Abbreviations and Acronyms
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Level Pay in the Dictionary | Level Pay in our legal dictionaries |
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