Interest Due

Interest Due

The amount of interest, expressed in dollars, computed by multiplying the loan balance at the end of the preceding period times the annual interest rate divided by the interest accrual period.

On a monthly accrual mortgage, interest due is computed by multiplying the loan balance at the end of the preceding month times the annual interest rate divided by 12. Interest due is the same as the 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.

References in classic literature ?
Pullet's departure, informing her that she needn't trouble her mind about her five hundred pounds, for it should be paid back to her in the course of the next month at farthest, together with the interest due thereon until the time of payment.
Ferrari, and looked at her again, with the interest due to the victim of a shock.
The Barclays LOC provides coverage for the principal amount of the notes and interest due on the maturity dates of the notes.
M2 EQUITYBITES-August 18, 2014-NII Holdings chooses not to pay senior note interest due
TELECOMWORLDWIRE-August 18, 2014-NII Holdings chooses not to pay senior note interest due
BANKING AND CREDIT NEWS-March 19, 2013--HomeStreet to pay past-deferred interest due on trust preferred securities(C)2013 M2 COMMUNICATIONS http://www.
Antoine Chamoun, general manager of "Bank of Beirut Invest explained that this program will exempt the borrower from paying all interest due on the second phase of the loan, i.
And, despite this significant investment, these companies still average $32,000 each year in penalties and interest due to errors.
In 1988 the government found PG&E was entitled to a refund plus interest but incorrectly calculated the amount of interest due.
uk, admitted that they are unable to calculate the interest due to them.
Taxpayers guilty of using abusive tax shelters have until April 15 to amend their returns and pay the tax and interest due.
Britain's biggest mortgage lender said about 28,000 customers who had taken out mortgages with Leeds Permanent, with which Halifax merged in 1995, had been charged too little interest due to a processing error.