The date in a blended
payment plan, prior to the commencement of
the mortgage term, to which accrued interest
computed on the various advances is
calculated.
A typical mortgage
will provide for a specific interest
adjustment date on which the interest
calculations begins.
Interest cost
associated with debt service for a specified
period. In the case of real estate, interest
costs are associated with real estate
investment analysis and the compilation
of cash
flows from the operation of an
investment property.
The percentage charge
for the use of borrowed money. Buyers and
Investors must distinguish between nominal
rates (stated rate) and
effective rate (actual interest rate
charged based on compounding).
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