amortization schedule
A multi-column listing of the amounts needed to eliminate a balance in a systematic manner over the life of the item. For example, an amortization schedule for a 15-year mortgage loan would show the 180 payments.
Amortization Schedule
Financial Dictionary - Mortgages - Amortization Schedule
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Amortization schedule
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Amortization schedule
It is a comprehensive schedule of payments tabling the break up of the mortgage amount, interest amount, principle received, and balance due through each period of loan till the loan balances reaches nil.
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amortization schedule
table commonly used in mortgages and installment loans, showing the number of payments due, the amount due in each installment, the declining principal balance, and the number of years needed to fully extinguish the debt.
AMORTIZATION SCHEDULE - A schedule of payments designed to liquidate a debt. May be over any agreed upo...
AMORTIZATION TABLE - Same as Amortization Schedule. A table showing the amount of a principal and inter...
Loan amortization schedule
The timetable for repaying the interest and principal on a loan.
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Amortization Schedule
A timetable for payment of a mortgage loan. An amortization schedule shows the amount of each payment applied to interest and principal and shows the remaining balance after each payment is made.
Amortization Schedule
A schedule that shows precisely how a loan will be repaid. The schedule gives the required payment on each specific date and shows how much of it constitutes interest and how much constitutes repayments of principal.
Amortization Schedule - a table showing the amounts of principal and interest due at regular intervals and the unpaid mortgage balance after each payment is made.
Amortization schedule
A table showing the mortgage payment, broken down by interest and amortization, the loan balance, tax and insurance payments if made by the lender, and the balance of the tax/insurance escrow account.
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Amortization Schedule
A table showing the periodic principal and interest payments and the remaining balance after each payment is made for the life of a loan.
AMORTIZATION SCHEDULE - A table showing the periodic repayment of an amount of indebtedness, such as a mortgage or bond. This table is often set up to show interest payments in addition to principal repayments. Compare: MATURITY SCHEDULE.
Amortization Schedule
A schedule or table that details the life of the loan or the amortization.
Amortization Schedule
The schedule that shows over time, usually monthly, the status of a loan and the principal and interest applied to the loan. Alternately, the schedule showing, over time, the amortization taken against an intangible asset.
An amortization schedule that has periodic payments inconsistent with the maturity date of the debt.
Temporary borrowing of a sum of money. If you borrow $1 million you have taken out a loan for $1 million.
Loan amortization schedule
The timetable for repaying the interest and principal on a loan.
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Amortization refers to the repayment of a debt in small periodic installments of principal and interest, as determined by an amortization schedule. Amortization is mainly used in calculating loan repayments, such as a mortgage.
A recalculation of the remaining amortization schedule of a mortgage at a certain date set and known in advance.
A 10-year interest only mortgage product, recasting to a 20-year amortization schedule (after ten years of interest-only payments) could see a payment increase of up to $600 on a balance of 330K.
The power of attorney provided a note which was executed on January 1st of the prior year and an amortization schedule with a market rate of interest. There were never any repayments made on the loan despite the existing debt instruments.
The amortization schedule is a document which shows the payment dates, payment amount, interest and principal portion of each payment, and the balance of the loan after each payment, until the balance reaches zero.
Unscheduled Recast - The unscheduled recalculation of the remaining amortization schedule of a loan. The recalculation occurs when certain triggers contained in the contractual terms of the loan are reached.
Amortization schedule
Amortization calculator
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Appraised value - An estimate of the present worth of a property
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The buyers made a $200,000 down payment and will pay the rest off at 10 percent interest on a 20-year amortization schedule, except that at five years the unpaid principal will be due in a balloon payment.
Loan Amortization: The scheduled repayment of loan principal. A loan amortization schedule specifies the amounts of principal to be repaid and the dates on which repayments are to be made.
Because one payment reduces the outstanding balance, each subsequent payment has a smaller portion for interest. If the proper amortization schedule has been calculated, your loan will be paid off with the last payment.
amortization schedule See 'amortization.' amortization term Time it takes to completely pay off a debt. amortize See amortization. amortized See amortization.
[Harvey] amortizing swap A swap in which the notional amount of the agreement declines over time according to an amortization schedule. The rate of amortization may be preset or may be determined by interest rates.
 See also: Line of credit, Fraud, Refinance, APR, Mortgage Broker
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