Note - A promissory note that is completely paid off in installments.

The time period over which the repayment of a loan is to be completed.

The repayment of a mortgage loan over a set period of time whereby periodic payments of interest and part of the principal are made. A fully amortized loan means there will be no balance at the end of the payments.

A payment schedule where each payment includes both principal and interest; typically the payment due is the same amount from payment to payment.

see amortization.