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Meaning / Definition of
Interest Due
Categories: Loan and Mortgage,
The amount of interest, expressed in dollars, computed by multiplying the loan balance at the end of the preceding period (time)s the annual interest rate divided by the interest accrual period. It is the same as interest payment except when the scheduled mortgage payment is less than the interest due, in which case the difference is added to the balance and constitutes negative amortization.
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Definition / Meaning of
Pension Protection Act Of 2006
Categories: Insurance,
removed
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