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Debt Repayment Schedule

 
Banking Dictionary: Debt Repayment Schedule

1. Consumer loan Amortization Schedule showing the number of payments needed to pay off a loan.

2. Wage Earner Plan in a Chapter 13 bankruptcy calling for the debtor to pay a certain amount every month to the court for distribution to creditors over a three-year period in partial repayment of debts owed.

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Banking Dictionary. Dictionary of Banking Terms. Copyright © 2006 by Barron's Educational Series, Inc. All rights reserved.  Read more