Calculate simple interest and maturity value by (a) exact interest and (b) ordinary interest.. The remainder of the partial payment reduces the loan principal.
Mortgage Term Definition Mortgage Term Glossary | The Maison Group – Definitions of the most common mortgage terms.. Some mortgages contain a due-on-sale clause, which means that the mortgage may not be transferable to a .
2014 and bearing interest at a rate of 12% per annum, payable semi-annually in cash or common shares of the Company (the "Shares"), pursuant to which the parties have agreed to extend the maturity.