Categories
Investments glossary

Installment Debt Definition

Spread the love
Quotes of the day:

A homosexual who is honest with himself knows that he and his partner will never become parents together, dRINK, DRUGS AND SEX.

— Paolo Gentili

An installment debt is a loan that is repaid by the borrower in regular installments. An installment debt is generally repaid in equal monthly payments that include interest and a portion of the principal. This type of loan is an amortized loan that requires a standard amortization schedule to be created by the lender detailing payments throughout the loan’s duration.


We uses YouTube API Services.
Click to rate this post!
[Total: 0 Average: 0]

Leave a Reply