|
Amortization
The length of time it takes before a loan is fully paid off, with repayment according to a predetermined agreement and at regular intervals.
Sometimes called a fully amortized loan.
Amortization terms can vary, but generally accepted terms run in five-year increments, from ten years to forty.
Financial terms alphabetically:
| #
| 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
|