Definition: a mortgage scheduled to be repaid in equal periodic payments that include both principal and interest.
Pronunciation:
Used in a Sentence: Because we had a level-payment plan we knew our mortgage payments would be the same every month.
Definition: a mortgage scheduled to be repaid in equal periodic payments that include both principal and interest.
Pronunciation:
Used in a Sentence: Because we had a level-payment plan we knew our mortgage payments would be the same every month.