Amortization Term
Barron's Business Dictionary:
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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.
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.
| Amortization Schedule, Amicus Curiae, Americans With Disabilities Act (ADA) | |
| Amortize or Amortization, Amortized Loan, Amount |
Barron's Real Estate Dictionary:
Top
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.
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.
| Amortization Schedule, Americans With Disabilities Act(ADA) | |
| Amortization of Deferred Charges, Amortized Loan |
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Barron's Business Dictionary
Dictionary of Business Terms. Copyright © 2007 by Barron's Educational Series, Inc. All rights reserved.
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