Monthly Payment


Also found in: Acronyms.

Monthly Payment

Debt service or another liability one must pay on a monthly basis. Examples of monthly payments include mortgage payments and salaries to some employees.
References in periodicals archive ?
With an application for a monthly payment as of March 7, 2013, 167 families applied, of which 148 families have already received payments totaling 3.
Summary: Without consent, monthly payments slowly go up from Dh505 to Dh565 in 11 months
Longer loan terms mean banks can offer lower monthly payments which can attract more borrowers.
The median price of an entry level home was $282,050, the qualifying income limit $58,270 and the monthly payment $1,940.
The annuitant (who, in many cases, is the contract owner) receives monthly payments.
PaymentPower allows qualified borrowers to voluntarily skip a maximum of two monthly payments (includes principle, interest, taxes and insurance) in a 12-month period, and skip up to 10 payments over the life of the loan.
Results can be sorted by monthly payment, total cost of loan, number of payments, first payment due date and APR.
Taking a down payment of pounds 795 as an example, this is followed by 42 monthly payments of pounds 100 with the option to pay a final balloon payment of pounds 2,314 at the end of the agreement to keep the car.
Experian Consumer Direct found consumer debt increased during the same time as minimum monthly payment obligations increased by 10 percent.
Paying just one extra monthly payment each year reduces a mortgage by seven years, says Lisa Bouldin-Carter, national executive director of Cincinnati-based BorrowSmart Public Education Foundation.
We offer our graduates the benefit of combining multiple loans into a single monthly payment and bill, repayment flexibility, and no application fees or charges.

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