Phrases with «principal payments»

Principal payments refer to the amount of money that you pay towards reducing the total loan amount you borrowed. It is different from interest payments, which go towards paying the interest charged on the loan. Principal payments help you gradually decrease the overall debt you owe. Full definition

payment (parent phrase)
principal (parent phrase)

principal payments

Related phrases

principal and interest payments
extra principal payments
additional principal payments
one's principal payment
payment of principal
payment for the principal

Sentences with «principal payments»

Its low risk to have a home paid for, but making extra principal payments on a home is risky! (allfinancialmatters.com)
When you make additional principal payments on a fixed - rate mortgage, you pay off the mortgage more quickly. (humbledollar.com)
For example, a $ 10 million note with a 10 year final maturity will require equal annual principal payments of $ 1 million plus accrued interest. (bnd.nd.gov)
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Phrases with «principal payments»

Related phrases

Sentences with «principal payments»

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