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Between Transactions (definition)

A method of specifying how interest accrues.

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Between Transactions

Between transactions is one of two methods for specifying how interest accrues, when it comes due, and how payments apply when payments are made outside of the regular loan schedule. Loans with interest calculated between transactions will generally see a more noticeable change in interest if a borrower pays late or early.

Written by Andy Morrise

Updated on March 7th, 2023

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