Loan in which regular payments of principal are sufficient to fully pay off the loan by the maturity date, without additional payments. A typical example is a 30-year fixed rate or adjustable rate conventional mortgage loan.
| Banking Dictionary: Fully Amortizing Loan |
Loan in which regular payments of principal are sufficient to fully pay off the loan by the maturity date, without additional payments. A typical example is a 30-year fixed rate or adjustable rate conventional mortgage loan.
| 5min Related Video: Fully Amortizing Loan |
| Odd Days Interest (in banking) | |
| Interest-Only Loan (in banking) |
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