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Amortization

 

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Amortization

 

Amortization

From Wikipedia, the free encyclopedia

 

Look up amortise in

Wiktionary, the free dictionary.Amortization or amortisation is the process of decreasing or accounting for an amount over a period of time. Particular instances of the term include:

 

Amortization (business), the allocation of a lump sum amount to different time periods, particularly for loans and other forms of finance, including related interest or other finance charges.

Amortization schedule, a table detailing each periodic payment on a loan (typically a mortgage), as generated by an amortization calculator.

Negative amortization, an amortization schedule where the loan amount actually increases through not paying the full interest

Amortized analysis, analyzing the execution cost of algorithms over a sequence of operations.

Amortization of capital expenditures of certain assets under accounting rules, particularly intangible assets, in a manner analogous to depreciation.

Amortization is also used in the context of zoning regulations and describes the time in which a property owner has to relocate when the property's use constitutes a preexisting nonconforming use under zoning regulations.

 

This page is licensed under the GNU Free Documentation License. It uses content from the Wikipedia article Amortization

 

Amortization of Permanent Disability Awards – (source)

 

The Mortgage Payment Handbook: Monthly Payment Tables and Yearly Amortization Schedules for Fixed-Rate Loans – (source)

 

Taking your first steps in the home loan industry can indeed prove daunting. When you come across terms such as Amortization, Collateral, Escrow, and Mortgage, et al, it all seems Latin to you – (source)