What is the meaning of partial payment?

partial payment is a payment that is not sufficient to cover the scheduled monthly payment on a mortgage loan. Normally, a lender will not accept a partial payment, but in times of hardship you can make this request of the loan servicing collection department.

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APABarry Goldsmith. (2010). partial payment. Retrieved September 20, 2026, from http://smartdefine.org/partial_payment/definitions/1160184
ChicagoBarry Goldsmith. 2010. "partial payment" http://smartdefine.org/partial_payment/definitions/1160184 (accessed September 20, 2026).
HarvardBarry Goldsmith 2010, partial payment, Smart Define, viewed 20 September, 2026, <http://smartdefine.org/partial_payment/definitions/1160184>.
MLABarry Goldsmith. "partial payment" 21 October 2010. Web. 20 September 2026. <http://smartdefine.org/partial_payment/definitions/1160184>