Sometimes referred to the interest on interest. This refers to accrued interest added to the principal balance of a loan when the debtor may not be able to pay the sum of the principal and interest due. Also known as negative amortization.
Sometimes referred to the interest on interest. This refers to accrued interest added to the principal balance of a loan when the debtor may not be able to pay the sum of the principal and interest due. Also known as negative amortization.