level payment loan

English - English

Definition of level payment loan in English English dictionary

loan which is paid off in a set number of equal payments including interest (first the interest is set and then the principal is set)

Hyphenation

lev·el pay·ment loan

Turkish pronunciation

levıl peymınt lōn

Pronunciation

/ˈlevəl ˈpāmənt ˈlōn/ /ˈlɛvəl ˈpeɪmənt ˈloʊn/