Process of assessing interest to a loan and either having the interest paid before the loan is dispersed to the recipient or adding a percentage of the interest on each monthly payment on the loan. The latter is the most common method used. A loan recipient will typically receive a monthly loan statement that shows how much money went towards the interest on the loan and how much of the payment went towards the principal.
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
preclosing predator