What does installment rate mean?
Definitions for installment rate
in·stall·men·t rate
This dictionary definitions page includes all the possible meanings, example usage and translations of the word installment rate.
Princeton's WordNet
payment rate, rate of payment, repayment rate, installment ratenoun
the amount of money paid out per unit time
ChatGPT
installment rate
Installment rate refers to the regular payment amount, usually monthly, that a borrower is obliged to pay to satisfy a debt over a specific period of time. It includes portions of both the principal loan amount and the interest accrued on it. The rate is usually determined at the beginning of a loan and remains constant throughout the loan term unless a modification is made in the loan agreement.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of installment rate in Chaldean Numerology is: 5
Pythagorean Numerology
The numerical value of installment rate in Pythagorean Numerology is: 3
Translations for installment rate
From our Multilingual Translation Dictionary
- рассрочка ставкаRussian
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"installment rate." Definitions.net. STANDS4 LLC, 2024. Web. 26 Apr. 2024. <https://www.definitions.net/definition/installment+rate>.
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