Meaning LEVEL PAY: Scheduling principal and interest payments (P;I) due under a mortgage so that total monthly payment of P;I is the same. different from the typical mortgage for which the principal payment component of the monthly payment becomes gradually greater while the monthly interest component shrinks
More terms such as Level pay in Dictionary L.
- Definition Leverage Clientele:
- Examples A group of shareholders who, because of their personal leverage, seek to invest in corporations that maintain a compatible degree of corporate leverage level pay definition.
- Definition Leveraged Buyout (LBO):
- Examples to take a public corporation private that is financed through debt such as bank loans and bonds. Because of the large amount of debt relative to equity in the new corporation, the bonds are typically level pay explain.
- Definition Lifetime Reverse Mortgage:
- Examples in which a homeowner borrows against the value a home, while retaining title, and making no payments while residing in the home. When the owner ceases living in the house, the property is sold, and level pay what is.
- Definition Laisse-Faire:
- Examples Doctrine that a government should not interfere with business and economic affairs level pay meaning.
- Definition Long Leg:
- Examples The part of an option spread in which an agreement to buy the underlying security is made level pay abbreviation.
