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- Prepaid interest
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Prepaid interest
Interest paid before it is due. For example, at the close of a real estate transaction borrowers usually pay for the interest on their loan that falls between the closing period and the first monthly payment.
Related Terms
Prepaid expenses
Compound interest
Rate lock
Interest rate
Add-on interest
Per-diem interest
Mortgage-interest deduction
Interest-only loan
Interest rate buy-down plans
Interest rate ceiling
Lock-in
Initial interest rate
Certificate of deposit index
Interest accrual rate
PITI (Principal Interest Taxes Insurance)
Grantee
Tenants in common
Usury
Amortization
Quit-claim deed
Tax deduction
Index
Mortgage
Note
Net cash flow
Timeshare
Interest
Variable rate
Adjustment period
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