| Business Dictionary: Amortization Term |
The time it takes to retire a Debt through periodic payments. Also known as the full amortization term. See also Fully Amortized Loan.
Example: Many mortgage loans have an amortization term of 15, 20, 25, or 30 years. Some have an Amortization Schedule as a 30-year loan, but require a Balloon Payment in 5, 10, or 15 years.
| 5min Related Video: Amortization Term |
| Real Estate Dictionary: Amortization Term |
The time it takes to retire a Debt through periodic payments. Also known as the full amortization term.
Example: Many mortgage loans have an amortization term of 15, 20, 25, or 30 years. Some have an Amortization Schedule as a 30-year loan, but require a Balloon Payment in 5, 10, or 15 years.
 | Bullet Loan (business term) |
| Full Amortization Term |
| Face Interest Rate |
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Copyrights:
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 | Business Dictionary. Dictionary of Business Terms. Copyright © 2000 by Barron's Educational Series, Inc. All rights reserved. Read more |
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| Real Estate Dictionary. Dictionary of Real Estate Terms. Copyright © 2004 by Barron's Educational Series, Inc. All rights reserved. Read more |
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