Constant Payment Loan

Definition of "Constant payment loan"

Loan mandating equal periodic payments to pay off the loan subsequent to the last payment.

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Related Real Estate Glossary terms

Fireproof

Use of engineering approved fire resistive construction materials exclusively within a structure. ...

Schedule E

Schedule which is part of Form 1040 showing income or loss from real estate transactions including n ...

Retro-note Plan

Means of financing by which some large organizations pay their property or liability insurance premi ...

Payroll Deduction Insurance

Plan under which an employee authorizes his or her employer to deduct from each paycheck premiums du ...

Personal History

Insurance applicant's life and health record, financial standing, driving record, general character, ...

Squatter's Right

Right to use property in the absence of forcible eviction by another. Some state laws allow squatter ...

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What Do I Need To Know About Watercraft Insurance?

You need separate coverage for the variety of risks you face when storing, launching, hauling or run ...

What Do I Need To Know About Auto Insurance?

Choosing the auto insurance requires consideration of manyfactors- Take into account everything you ...

What Is A REALTOR®?

A REALTOR® is an agent or agency that belongs to the local or state board of REALTORS® and is affi ...

What Is Commission?

The fee an agent earns for the sale of a home-usually a percentage of the selling price. ...

What Is A Subdivision?

A subdivision is a piece of land divided into several plots in which homes are built. ...

What Does Travel Insurance Typically Cover?

Loss of luggage Loss of travel documents Cancellation and lost deposit expenses Medical expens ...

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