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Fully Amortizing 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.

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Banking Dictionary. Dictionary of Banking Terms. Copyright © 2006 by Barron's Educational Series, Inc. All rights reserved.  Read more