Annual Rest System

Business, Legal & Accounting Glossary

Definition: Annual Rest System


Annual Rest System


Full Definition of Annual Rest System


noun a system by which extra payments or overpayments made to reduce the amount borrowed on a mortgage are credited to the account only once a year a system by which extra payments or overpayments made to reduce the amount borrowed on a mortgage are credited to the account only once a year


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https://payrollheaven.com/define/annual-rest-system/ (accessed: December 02, 2021).
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Annual Rest System. PayrollHeaven.com. Retrieved December 02, 2021
, from PayrollHeaven.com website: https://payrollheaven.com/define/annual-rest-system/

Definition Sources


Definitions for Annual Rest System 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.