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

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Main Page Article Id: 13 - Version: 3 - Created: 22-02-2008 - Last Updated: 26-03-2008 - Hits: 283   
Categories: Glossary

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