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Level pay

The financial definition for Level pay:

Scheduling principal and interest payments (P&I) due under a mortgage so that total monthly payment of P&I is the same. Different from the typical mortgage for which the principal payment component of the monthly payment becomes gradually greater while the monthly interest component shrinks.




Similar Matches

Confidence level

Confidence level
In risk analysis, the degree of assurance that a specified failure rate is not exceeded.


Level

Level
Used in the context of general equities. Price measure of an indication.


Level coupon bond

Level coupon bond
Bond with a stream of coupon payments that remain the same throughout the life of the bond.


Further Suggestions

Level debt service
Level load
Level term insurance
Resistance level
Support level


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Level pay
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