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单词 direct reduction mortgage (DRM)
释义

direct reduction mortgage (DRM)

Definition
Mortgage loan in which at least a portion of each installment payment goes toward reducing the principal borrowed. In a DRM, interest is computed every month on the reducing principal balance resulting in a progressively smaller interest amount. Since the amount of monthly payment is fixed, the portion applied to the principal increases as the interest amount decreases.
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更新时间:2025/2/2 15:58:10