Business Loans Glossary: Amortization

Business Loans Glossary: Amortization

The gradual, systematic payment of a debt, such as a mortgage or other loan, in installments of principal and interest for a definite time, so that at the end of that time, the debt will have been paid in full.



 




Other terms explained in the Business Loans Glossary

0 votes so far for this article. Did this article help you? YES NO

Send this article by email
or Close

Leave a comment
or Close

Main Page Article Id: 13 - Version: 3 - Created: 22-02-2008 - Last Updated: 26-03-2008 - Hits: 440   
Categories: Glossary

Comments

No comments yet!

Powered By mosKnowledgebase.