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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.

The Mortgage Encyclopedia. Copyright © 2004 by Jack Guttentag. Used with permission of The McGraw-Hill Companies, Inc.
References in periodicals archive ?
As a result, contingent interest will be payable on the notes for that six-month interest payment period.
According to the Issue Circular dated 15 July 2016 for the Bonds, the sixth interest payment of the Bonds is scheduled to be made on 12 August 2019, and the relevant interest rate is scheduled to be determined and announced on 29 July 2019 as the higher of the prevailing Floating Rate and Fixed Rate.
The interest payments on public debt during the first nine months of 2018-19 were the highest during the last three years.
The deficit is widening due to shortfall in tax collection and increase in interest payment and security expenditures.
Pakistan would be required to make over $2 billion worth repayments to the commercial banks, including $1.9 billion principal amount and around $150 million interest payment. Moreover, the government would have to pay over $1.2 billion on account of bonds with $1 billion as principal amount and $251 million interest payment.
Principal and interest payment: $1,015 (19.7 percent of monthly income)
Principal and interest payment: $347 (9.1 percent of monthly income)
That's the same reason iHeart's board gave on February 1, when a $106 million interest payment on its outstanding Senior Notes due 2021.
Based on the Floating Rate and Fixed Rate set out above, the relevant interest rate for the first interest payment is determined and announced as 2.37% per annum.
The Bank of England said that in accordance with the terms of the prospectus dated 19 December 1986, that the rate of interest payable on the 2 1/2% Index-Linked Treasury Stock 2024 for the interest payment due on 17 July 2016 will be GBP3.3250 per GBP100 nominal of stock.
After an interest payment of 5.45 billion TL, the cash balance ran a deficit of nearly 5.4 billion TL, the Treasury said.