Definitions for "Additional principal payment"
Unscheduled principal payments made to reduce the remaining balance of a loan.
When a borrorwer pays more than more than the scheduled principal amount due in order to reduce the principal. This also allowes the borrower's future interest payments to be reduced.
You can pay extra money in addition to your required loan payment to help pay off the principal loan amount faster. By making the extra payment, you also reduce the amount of interest paid.
Keywords:  adjustment, date, fee, security
Additional security fee Adjustment date