Interest Payment


Also found in: Acronyms.

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.
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.
387 billion as both amortization and interest payments rose.
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.