direct reduction mortgage

An amortized mortgage in which the principal and interest payments are paid at the same time — usu. monthly in equal amounts — with interest being computed on the remaining balance. — Abbr. DRM.

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词条贡献者

译者Celia，毕业于新加坡知名法学院，擅长翻译涉及信息和智能技术领域的法律文件。