A | B | C | D | E | F | G | H | I | J | K | L | M | N | P | Q | R | S | T | U | V | W | X | Y | Z

Serial loan

A loan for which the debt is repaid in equal redemptions on each interest due date. As the outstanding debt decreases throughout the maturity of the loan, the interest payments, and thereby the overall payments, are lower for each due date.