CONSTANT PAYMENT

Domain	Definition
Finance	A periodic payment of a fixed amount that includes interest and principal. While the total amount of the payment remains the same, the ratio of principal and interest included in the payment changes. As the loan is paid off, the portion of the payment applied to the principal increases. Most home mortgages are constant payment loans. (references)
Source: compiled by the editor from various references; see credits.

Anagrams: CONSTANT PAYMENT

Scrabble® Enable2K-Verified Anagrams
	Words within the letters "a-a-c-e-m-n-n-n-o-p-s-t-t-t-y"
	-4 letters: cantonments, nonpayments.
	-5 letters: annoyances, cantonment, constantan, contestant, copayments, nematocyst, nonpayment.
Source: compiled by the editor from various references; see credits. SCRABBLE® is a registered trademark. All intellectual property rights in and to the game are owned in the U.S.A and Canada by Hasbro Inc., and throughout the rest of the world by J.W. Spear & Sons Limited of Maidenhead, Berkshire, England, a subsidiary of Mattel Inc. Mattel and Spear are not affiliated with Hasbro.