direct reduction mortgage

direct reduction mortgage definition - business

direct reduction mortgage

An amortized loan with periodic payments that cover interest and a portion of principal. Each period's interest is calculated on the remaining loan balance, which declines over the life of the mortgage.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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