This describes a loan where the balance owed at the scheduled end of the loan is zero if all regular monthly payments are made as scheduled.
To pay off a borrowed sum and interest in installments. Many loans will require the installments to be made in equal amounts.
Amortize means to pay off a loan with regular payments. Part of each payment is applied to the principal and to the interest.
TO GRADUALLY EXTINGUISH A DEBT OR A LIABILITY BY INSTALMENT PAYMENTS.
Paying off a loan or debt by monthly installments. Includes principal and interest.
To pay a debt in equal periodic amounts until the total amount, including any interest, is paid.
This means to gradually pay off a loan with regular payments. Part of each payment is applied to your "principal" ( the amount you actually borrowed) and part is applied to "interest." Get an amortization schedule from your lender to see the real picture
To liquidate (pay off) a debt by installment payments.
Write off or depreciate the initial cost of an asset over a period of time.
To pay off in regular instalments over a loan term.
Pay off a loan with regular payments. Part of each payment is applied to principal and to interest. At the end of the term, the loan is paid in full. There is no balloon payment.
A period of time over which a calculated mortgage payment will fully repay a set loan amount at a specified interest rate
Loan payment in installments with a fixed amount and scheduled due dates.
To pay off a debt in equal installments. A typical 30 year mortgage would have 360 equal payments (though the last payment often ends up being slightly less). Amortization is the process of reducing principal and interest in equal installment payments at specific intervals over a set term.
To reduce a debit by means of regular payments which include amounts to be applied to both principal and interest.
The process of paying the principal and interest on a loan through regularly scheduled installments.
the equal division of payments of a loan (principle and compounding interest) over a specified period of time; prorating over a fixed period
The repayment of a loan with regular payments that include both principal and interest.
To pay a loan in full by making substantially equal payments of interest and principal.
To repay a mortgage with regular payments, both the principal due and the interest.
To repay a mortgage with regular payments that cover both principal and interest.
Payoff off a debt in installments which includes both principal and interest.
Reduce debt by means of regular periodic payments which included amounts applicable both to principal and interest.
To reduce debt by means of regular periodic payments which include amounts applicable to both principal and interest.
the process of debt reduction by a series of payments that are applied to both interest and principal.
To repay a loan with regular payments with both interest and principal
to charge a regular portion of an expenditure over a fixed period of time. For example if something cost $100 and is to be amortized over ten years, the financial reports will show an expense of $10 per year for ten years. If the cost were not amortized, the entire $100 would show up on the financial report as an expense in the year the expenditure was made. (See entries on Expenditure and Expense.)
Reduction of principle in periodic installments.
The settlement of debt by making partial, regular payments.
Gradual reduction of the mortgage debt through periodic payments scheduled over the mortgage term.
To repay a debt through a series of periodic payments.
To reduce the value of an asset through regular charges to income over time; or to write off expenses by prorating them over a period of time.
To pay off in regular installments over a loan term.
To pay off a mortgage in equal installments. A typical 30 year mortgage would have 360 equal payments (though the last payment often ends up being slightly less). However, if the term of the mortgage is of a shorter duration than the amortization schedule upon which it is based, it is important to realize that a large amount may be due at the end of the mortgage. For example, a 30 year amortization due in 10 means that the payments will be structured as though the mortgage were to be paid over a 30 year period, but the loan will come due after 10 years, with a large ( balloon) payment due for the balance of the principal.
To determine, based on time and interest rate, how much a payment must be (including principal and interest) to pay off a loan.
To reduce a debt by regular payments of both principal and interest, as opposed to interest only payment.
To pay off a loan in regular installments over the loan's established term.
To write off a debt over a period of time by putting aside regular fixed amounts. Or, to depreciate or write down the value of an asset over two or more accounting periods.
Mortgage payments that include both principal and interest, made in installments..
To recover or write off a qualifying capital cost over a specified period of time. Under Section 194 of the Internal Revenue Code (Code), up to $10,000 of timber establishment costs per year can be amortized over 8 tax years. Also see “Capital cost,” “Establishment cost,” and “Tax credit.
Gradual payment of a debt through regular installments that cover both interest and principal
To amortize is to repay a loan, in regular installments, over the agreed-upon term of the loan.
Provision for repayment of a loan in periodic payments over a stated period.
To reduce a debt with regular payments that cover both principal and interest.
To repay debt in installments over time.
Amortize is making payments on a loan regularly until the loan is paid off within the set duration of the loan.
To pay off a loan or mortgage with periodic payments that cover both principal and interest
Gradual elimination of a financial obligation through periodic payments.
To apportion the interest and principal components of a loan over the time of the loan according to its periodicity.