Accelerated Payment

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Definition: Accelerated Payment

Accelerated Payment
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Full Definition of Accelerated Payment

An additional, unscheduled payment made on an amortized loan. The effect of the payment is to reduce the outstanding principal thus lowering total interest owed.

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To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/accelerated-payment/
Modern Language Association (MLA):
Accelerated Payment. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
April 16, 2024 https://payrollheaven.com/define/accelerated-payment/.
Chicago Manual of Style (CMS):
Accelerated Payment. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/accelerated-payment/ (accessed: April 16, 2024).
American Psychological Association (APA):
Accelerated Payment. PayrollHeaven.com. Retrieved April 16, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/accelerated-payment/

Definition Sources

Definitions for Accelerated Payment are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.