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单词 level payment mortgage
释义

level payment mortgage

Definition
Amortization of a mortgage loan through installments that remain constant over the loan term. At the beginning, almost the entire amount of the installment goes toward paying off loan interest. As the total loan amount is reduced, an increasing portion of the installment goes toward paying off the loan principal. Also called amortizing mortgage. See also level payment amortization.
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更新时间:2025/2/2 13:29:48