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| Definition Of: |
Amortize
To repay a loan in equal installments over a period of time Each periodic payment (usually a monthly payment) includes principal and interest the initial payments include higher amounts of interest and as the principal amount is gradually reduced, the monthly payments include more principal and less interest.
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The 'Lectric Law Library INDEX:
List of Terms: Terms beginning with "A", Page 1 |
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1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 A: Page 1 of 27.
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