Your Name

E-mail Address

Telephone Number:

Preferred Contact Method:

E-mail   Telephone

Questions or Comments

Please answer the following question

Please answer: 78 + 38 =

Dictionary

amortization

The loan payment consists of a portion which will be applied to pay the accruing interest on a loan, with the remainder being applied to the principal. Over time, the interest portion decreases as the loan balance decreases, and the amount applied to principal increases so that the loan is paid off (amortized) in the specified time.

Last Updated: August 18th, 2022 at 7:32 PM