PO Principal Amount As to any Distribution Date and Loan Group, the sum of the applicable PO Percentage of (a) the principal portion of each Monthly Payment due on each Mortgage Loan in such Loan Group on the r
This payment creates a prepaid expense. The firm carries these as in a Current assets account, "Prepaid expense" or "Prepaid taxes." Deferred Charges vs. Deferred Expenses Transactions that create a deferred expense sometimes take the name "deferred charge."This name applies when they refer to...