Interest Payment

Interest Payment

The amount of interest that a borrower pays to a lender on a loan each month. Depending on how a loan is amortized, the interest payment may vary each month, even if the total payment is the same.

Interest Payment

The dollar amount of interest paid each month.

The interest payment is the same as interest due so long as the scheduled mortgage payment is equal to or greater than the interest due. Otherwise, the interest payment is equal to the scheduled payment.

References in periodicals archive ?
Deferral of interest payments on kikin debt itself does not constitute a breach of a kikin fund agreement between the insurer and investors, as the insurer can defer the interest payment when there is a shortfall in the issuer's available financial resources to pay interest,'' the U.
Some banks, such as Citibank, are using the payment to write down the principal and doing the work to re-adjust payments so that borrowers can continue to benefit from a decreased interest payment.
75 percent Series B Senior Notes due 2007 with respect to an interest payment of approximately $7.
a) postpone the maturity date or the interest payment
The LLC makes periodic preferred equity payments to the MIPS holders with the cash it receives from the parent's interest payment.
31, 2011 and each interest payment date thereafter for the debentures issued by C5 Capital (SPV) Limited and on Dec.
The first interest payment will become due on the earlier of November 1, 2006 or 10 days after the effectiveness date of a registration statement on Form SB-2 with respect to the Common Stock underlying the Amended Notes.
The bonds initially bear interest at an initial rate until the initial interest payment date of Jan.
The bonds are subject to mandatory tender: on each interest-rate conversion date other than a conversion between the daily and weekly period; while in a commercial paper rate period, on the day immediately following the end of a rate period; on the first day of any long-term rate period; the interest payment date immediately before the termination or expiration of the LOC, provided that the interest payment date shall precede the termination of the LOC by at least two business days; the interest payment date concurrent with the effective date of a substitution of the LOC; and for series 2005 A, upon the occurrence of a determination of taxability.
When there is a dispute, the courts look at factors such as the presence or absence of a written note, scheduled payments, a fixed interest rate, interest payments, collateral and a sinking fund.
DWP has notified the company that it is delinquent on interest payments on the loan and has set the deadline for repayment of $1,882,937 in principal and interest, according to a Monday letter obtained under the California Public Records Act.