deferred interest
Definition
Use deferred interest in a sentence
“ You should try and make sure you know how much the deferred interest will be so that you know how much you owe. ”
“ Joe's deferred interest kept increasing because after he lost his job, he could no longer afford to cover the interest and principal payment on his home loan. ”
“ When the economy fell on tough times in 2008, I made the bad choice to accrue deferred interest on my adjustable rate mortgage, and I now owe significantly more than the original value of the loan. ”
