Precast concrete is a construction product produced by casting concrete in a reusable mold or form which is then cured in a controlled environment, transported to the construction site and lifted into place. In contrast, standard concrete is poured into site-specific forms and cured on site.
What They Are. Semi-monthly payments are payments made twice per month on the 1st and 15th rather than once per month on your regular due date. The balance due remains unchanged; if your mortgage is $1,200 per month, you would make a payment of $600 twice each month.
The two methods of payment can make a great deal of difference in the ultimate total of payments made, and the total interest paid. Bi-weekly payments (if accelerated) are the equivalent of making 13 monthly payments, whereas semi monthly payments are the equivalent of making 12 monthly payments.