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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.

 
 Embedded terms in definition
 Interest payments
Interest
Mortgage
P&i
Principal
 
 Related Terms
 Confidence level
Level coupon bond
Pay up
Reporting level or reporting position level
Resistance level
Support level
Take or pay contract

<< Level coupon bond Levels i, ii and iii >>

Managing Your Expenses on a Fixed or Reduced Income: Once you've retired, you finally have the opportunity to work at your dream job - keeping yourself happy. It's your chance to visit places you've always wanted to see, take up a new hobby and spend more time with your family and friends. But to be successful at this new position, you've got to make the most of your income and investments. Here are suggestions. More...

The whole problem with the world is that fools and fanatics are always so certain of themselves, but wiser people so full of doubts. - Bertrand Russell

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