What is the definition of Additional principal payment? | Dictionary.net

ADDITIONAL PRINCIPAL PAYMENT

\ɐdˈɪʃənə͡l pɹˈɪnsɪpə͡l pˈe͡ɪmənt], \ɐdˈɪʃənə‍l pɹˈɪnsɪpə‍l pˈe‍ɪmənt], \ɐ_d_ˈɪ_ʃ_ə_n_əl p_ɹ_ˈɪ_n_s_ɪ_p_əl p_ˈeɪ_m_ə_n_t]\

Definitions of ADDITIONAL PRINCIPAL PAYMENT

1910 - Black's Law Dictionary (2nd edition)

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More money paid on top of scheduled payments to a lender. It pays on principal shortening loan length.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

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