negative amortization


noun

the increase of the principal of a loan by the amount by which periodic loan payments fall short of the interest due, usually as a result of an increase in the interest rate after the loan has begun.

Nearby words

  1. neg.,
  2. negate,
  3. negation,
  4. negative,
  5. negative accommodation,
  6. negative base excess,
  7. negative catalyst,
  8. negative convergence,
  9. negative declination,
  10. negative electricity

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019