FT MarketWatch

Negative amortization

A gradual increase in mortgage Debt that occurs when the monthly payment is insufficient to Cover the Interest due, and the Balance owed keeps increasing (at least in the first few years).

Related Terms: 9 Balance, Cover, Debt, Interest, Inc., Mortgage, Mortgage debt, Owe, OCC
Other Related Pages: Category: Real_Estate Starting With: N
Semi Related Terms: 427 CLICK HERE TO VIEW