Business, Legal & Accounting Glossary
An amortising loan is a loan with scheduled periodic payments that are applied to both principal and interest. An amortised loan payment first pays off the relevant interest expense for the period, after which the remainder of the payment reduces the principal.
An amortising loan is a loan in which repayments are made in more than one instalment.
In banking and finance, an amortising loan is a loan where the principal of the loan is paid down over the life of the loan according to an amortization schedule, typically through equal payments. Similarly, an amortising bond is a bond that repays part of the principal along with the coupon payments.
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This glossary post was last updated: 7th January, 2020 | 0 Views.