monthly interest payment

  • 1interest rate swap — An agreement under which two parties agree to exchange or swap a series of payments corresponding to each other s interest payment obligations. See also swap. + interest rate swap USA A type of over the counter derivative (OTC derivative) under… …

    Law dictionary

  • 2Interest — For other uses, see Interest (disambiguation). Interest is a fee paid by a borrower of assets to the owner as a form of compensation for the use of the assets. It is most commonly the price paid for the use of borrowed money,[1] or money earned… …

    Wikipedia

  • 3Interest rate swap — An interest rate swap is a derivative in which one party exchanges a stream of interest payments for another party s stream of cash flows. Interest rate swaps can be used by hedgers to manage their fixed or floating assets and liabilities. They… …

    Wikipedia

  • 4payment — The amount required to repay a loan, including interest and fees. Bloomberg Financial Dictionary * * * payment pay‧ment [ˈpeɪmənt] noun 1. [countable, uncountable] FINANCE an amount of money that must be or has been paid, or the act of paying it …

    Financial and business terms

  • 5accrued interest — Interest earned between the most recent interest payment and the present date but not yet paid to the lender. Chicago Board of Trade glossary Interest that has been earned but not yet paid. For example, the interest earned by a bondholder between …

    Financial and business terms

  • 6payment — pay|ment W1S2 [ˈpeımənt] n 1.) an amount of money that has been or must be paid ▪ You can make a payment in any bank. ▪ Employees may occasionally receive bonus payments . ▪ The country cannot meet the payments on its £80 billion foreign debt. ▪… …

    Dictionary of contemporary English

  • 7Interest-only loan — An interest only loan is a loan in which for a set term the borrower pays only the interest on the principal balance, with the principal balance unchanged. At the end of the interest only term the borrower may enter an interest only mortgage, pay …

    Wikipedia

  • 8Payment protection insurance — Payment protection insurance, (also known as PPI, credit protection insurance, loan repayment insurance, not to be confused with income protection or credit card cover) is an insurance product that is often designed to cover a debt that is… …

    Wikipedia

  • 9interest disbursement — UK US noun [C or U] BANKING, FINANCE ► a regular payment of interest that a bank makes on a certificate of deposit (= an investment in which customers earn interest for saving money for a fixed period): »You can elect to receive interest… …

    Financial and business terms

  • 10Payment Option ARM — A monthly adjusting adjustable rate mortgage (ARM) which allows the borrower to choose between several monthly payment options: a 30 or 40 year fully amortizing payment, a 15 year fully amortizing payment, an interest only payment, a minimum… …

    Investment dictionary