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amortization |
There are definitions relating to "amortization" awaiting approval... Amortization refers to the process of repaying a loan, or the gradual repayment and reduction of a mortgage debt over regularly specified time intervals, through regularly scheduled payments, over the term of the loan, which reduces the principal debt after the due interest has been paid. The amortization calculation for a long term loan on which interest is payable can be quite a difficult sum. The periodic loan payment usually consists of an interest portion, which gets applied to the accruing interest on the loan, and a principal portion, which reduces the outstanding loan amount, or principal amount. But these portions are usually not constant. Over time, the interest portion decreases and the principal portion increases as the loan balance shrinks. Would you like to add another definition for "amortization" to the Real Estate Dictionary? Terms that closely resemble "amortization":amortization - Amortization refers to the process of repaying a loan, or the gradual rep...amortization schedule - An amortization schedule is a timetable for payment of a mortgage loan (o... 0 | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z |
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