principal payments


Payments made to reduce the amount of principal in a loan.

Use principal payments in a sentence

You should make sure that you are always making your principal payments on time to keep your credit score good.

​ Was this Helpful? YES  NO 11 people found this helpful.

Given my mortgage company does not impose an prepayment penalty I have been making additional monthly principal payments to accelerate the payoff.

​ Was this Helpful? YES  NO 10 people found this helpful.

Bryan was to pay his car loan off early by making periodic principal payments that reduced the amount of time he would spend making monthly payments.

​ Was this Helpful? YES  NO 8 people found this helpful.

Show more usage examples...

Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
take-out loan catastrophe bond