Definitions for "Blended Payment"
The method of repayment where periodic payments of principal and interest are made in such a way that the payments remain constant in amount.
A loan payment, consisting of principal and interest, that is the same each month. Because the total payment amount remains fixed, the amount applied against principal each month varies. An example is a mortgage payment.
A retirement payment consisting of both a portion of the annual minimum and an amount in excess of the minimum.