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Installment note

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Names in other languages

  • EnglishInstallment Note

Article bodies are English and are not machine-translated. A name in another language is not a translation of the article.

An installment note is a form of promissory note calling for payment of both principal and interest in specified amounts, or specified minimum amounts, at specific time intervals. This periodic reduction of principal amortizes the loan.

An installment note is a form of promissory note calling for payment of both principal and interest in specified amounts, or specified minimum amounts, at specific time intervals. This periodic reduction of principal amortizes the loan. ==References==

Text derived from https://en.wikipedia.org/w/index.php?oldid=1375644968 under CC BY-SA 4.0; modifications have been made.