The original number of payments due on the loan minus the number of payments that have been applied.
The amount of time remaining on the original amortization schedule.
The amortization term minus payments already applied.
The original loan term minus the number of payments made.
The length of time remaining for a borrower to pay off the rest of an installment loan as scheduled.
A method of allocating the monthly payment between interest and principal. The interest charged is determined by the unpaid principal balance on the loan, the interest rate, and the number of days since the last payment. The rest of the payment goes to the principal. Making early payments or additional payments will reduce the loan's principal and cut the total interest paid over the life of the loan.
The original amortization term minus the number of payments that have been applied.
Original loan term minus the payments already made.
The time remaining before a debt is paid off if payments are made as scheduled.
The time it will take to pay off the rest of an installment loan as scheduled.