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Amortization schedule
Amortization schedule A table which shows how much of each payment will be applied toward principal and how much toward interest over the life of the loan.
RELATED TERMS--------------------------------------
Will A written document, properly witnessed, providing for the transfer of title to property owned by the deceased, called the testator.
Principal 1) The outstanding balance of a loan. 2) A party to a real estate transaction. 3) The head of a real estate firm.
Interest Money paid to a lender as compensation for money that is borrowed.
Life Cycle costing In property management, comparing one type of equipment to another based on both purchase cost and operating cost over its expected useful lifetime.
Loan A sum of borrowed money (principal) that is generally repaid with interest.
SIMILAR TERMS--------------------------------------
Amortization Gradual payment of a debt through regular installments that cover both interest and principal.
Amortization table Mathematical formula for calculating a borrower's monthly payments, based on the amount borrowed, the interest rate and the term of the loan.
Amortization term Expressed in months, this term simply states how long it will take you to pay off your mortgage.
Amortize To pay a debt in periodic amounts until the total amount, including any interest, is paid.
Amortized loan A loan in which the principal as well as the interest is payable in monthly or other periodic installments over the term of the loan.
PREVIOUS AND NEXT TERMS--------------------------------------
American Society of Appraisers (ASA) A professional organization of appraisers engaged in the appraisal of both real and personal property.
American Society of Home Inspectors An association of professionals who are paid to look at houses to find any problems.
American Society of Real Estate Counselors (ASREC) A professional organization, affiliated with the National Association of REALTORS, composed of individuals with proven success in real estate counseling who serve clients on a fee basis.
Americans with Disabilities Act (ADA) On July 26, 1990, President Bush signed into law the Americans with Disabilities Act of 1990 ("ADA"), a federal law which prohibits discrimination against individuals with disabilities.
Amortization Gradual payment of a debt through regular installments that cover both interest and principal.
Amortization schedule
Amortization table Mathematical formula for calculating a borrower's monthly payments, based on the amount borrowed, the interest rate and the term of the loan.
Amortization term Expressed in months, this term simply states how long it will take you to pay off your mortgage.
Amortize To pay a debt in periodic amounts until the total amount, including any interest, is paid.
Amortized loan A loan in which the principal as well as the interest is payable in monthly or other periodic installments over the term of the loan.
Amount financed The principal that is financed. It could include the cost of the purchase and other items rolled into the payments.
This dictionary contains 6433 terms. |
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