interest-only
Defined in 1 place of the United States Code.
the term "interest-only" means that, under the terms of the legal obligation, one or more of the periodic payments may be applied solely to accrued interest and not to loan principal; and
Source
- 2018–present15 U.S.C. § 1639cCommerce and Trade · Minimum standards for residential mortgage loans · under this subchapter