Additional Principal Payment

Business, Legal & Accounting Glossary

Definition: Additional Principal Payment


Additional Principal Payment


Full Definition of Additional Principal Payment


A payment by a borrower of more than the scheduled principal amount due in order to reduce the principal. This also enables the borrower’s future interest payments to be reduced.


Cite Term


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/additional-principal-payment/
Modern Language Association (MLA):
Additional Principal Payment. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
December 02, 2021 https://payrollheaven.com/define/additional-principal-payment/.
Chicago Manual of Style (CMS):
Additional Principal Payment. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/additional-principal-payment/ (accessed: December 02, 2021).
American Psychological Association (APA):
Additional Principal Payment. PayrollHeaven.com. Retrieved December 02, 2021
, from PayrollHeaven.com website: https://payrollheaven.com/define/additional-principal-payment/

Definition Sources


Definitions for Additional Principal 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.