Interim interest


 

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Interim interest

Any payment due for the period from the day the mortgage began up to the first payment date.



Interim interest

Similar Matches

Interest payments

Interest payments

Contractual debt payments based on the coupon rate of interest and the principal amount.


Interest rate parity line (IRP)

Interest rate parity line (IRP)

IRP holds when the rate of return on dollar deposit is just equal to the expected rate of return on British deposits.


Variable Interest Rate

Variable Interest Rate

An interest rate which fluctuates as the prevailing rate moves up or down. In mortgages there are usually maximums as to the frequency and amount of fluctuation. Also called "flexible interest rate."


Interest in Arrears

Interest in Arrears

Interest that is due only at the maturity date rather than periodically over the life of the loan.


Applied or nominal interest rate

Applied or nominal interest rate

The rate used to calculate the interest due.


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