constant

Also found in: Dictionary/thesaurus, Medical, Legal, Acronyms, Idioms, Encyclopedia, Wikipedia

0.02 sec.

constant

The annual payment required to pay the principal and interest due on a $1 loan for a specified repayment term at a specified interest rate.Before the widespread availability of computers and extremely affordable financial calculators,it was common to use mortgage constant tables to calculate monthly payments. One would refer to the table for the proper loan term, such as 30 years, and then within that table find the loan constant for the anticipated interest rate. See the following example. The constant is the monthly payment on $1. To find out your own monthly payment, you multiply the constant by the number of dollars in your loan, and the answer is what your monthly payments would be.

Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content.

?Page tools

Printer friendly
Cite / link

Feedback
Add definition

Mentioned in	?		Financial browser	?		Full browser	?
annual mortgage constant Black Scholes Model C-Share Compound Annual Return Constant Currencies Constant Dollar Constant dollar accounting Constant Dollar Plan Constant Dollars Constant Maturity Constant Ratio Plan Constant Yield Method CPPI Current Rate Method debt service constant Dividend growth model Dolares constantes Dollar Cost Averaging Dollari constanti			consignment Consol Consolidacao da divida Consolidacion de la deuda Consolidacion fiscal consolidated balance sheet Consolidated Bond Consolidated Financial Statement Consolidated Income Statement consolidated metropolitan statistical area Consolidated Mortgage Consolidated Mortgage Bond Consolidated Quotation System Consolidated Tape Consolidated Tax Return consolidation Consolidation de la dette consolidation loan Consolidation Service Consorcio Consorcio asegurador de emisiones Consorcio colocador Consortium Consortium Bank Consortium Banks constant Constant Currencies Constant Dollar Constant dollar accounting Constant Dollar Plan Constant Dollars Constant Maturity Constant Maturity Swap Constant Proportion Portfolio Insurance Constant Ratio Plan Constant Yield Method Constant-Dollar Plan Constant-growth model Construccion de carteras constructed wetlands construction allowance construction contract Construction Financing construction loan construction to permanent loan Constructive Dividend constructive eviction constructive fraud Constructive Insider constructive notice constructive possession			Constance Constance Constance (Black) Garnett Constance (lake) Constance Academy of Business Ethics Constance Baker Motley Constance Baker Motley Constance Black Constance Brown Hearing Center Constance Clara Garnett Constance Garnet Constance Garnett Constance Lake Constance Lloyd Constance, Council Constance, Council of Constance, Lake Constance, Lake Constance, Peace of 1183 constancy constancy constancy constancy Constancy Phenomenon Constans Constans Constans I Constans I Constans II Constans II Pogonatus constant constant (C) region constant (C) region constant (C) region constant (C) region constant (C) region Constant Absolute Risk Aversion Constant Absolute Vorticity Trajectory Constant Air Monitor Constant air volume Constant Altitude Plan Position Indicator Constant Amplitude Constant Amplitude Fatigue Limit Constant Amplitude Zero Auto-Correlation Constant and Never Ending Improvement Constant And Never-ending Improvement Constant Angle Non Precision Approach Constant angular velocity Constant angular velocity constant applicative form Constant Applied Tension constant area Constant Attendance Allowance Constant Axial Offset Control Constant Bandwidth Constant Bandwidth Server Constant Bearing Decreasing Range Constant Bit Rate Constant Bit Rate Constant Bit Rate Constant Bit Rate - Interactive

Financial Dictionary

Free Tools:	For surfers: Free toolbar & extensions \| Word of the Day \| Help For webmasters: Free content \| Linking \| Lookup box \| Double-click lookup

Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.

constant playV2('en/US/sg/sgdgskskssstdssfs5gk');playV2('en/UK/sg/sgdgskskssstdssfs5gk')

constant