Payment Period
Payment Period
The period over which the borrower is obliged to make payments.
On most mortgages, the payment period is a month but on some it is biweekly. It is not necessarily the same as the Interest Accrual Period.
| 单词 | payment period |
| 释义 | Payment PeriodPayment PeriodThe period over which the borrower is obliged to make payments. On most mortgages, the payment period is a month but on some it is biweekly. It is not necessarily the same as the Interest Accrual Period. |
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