Amortization Schedule

Business, Legal & Accounting Glossary

Definition: Amortization Schedule


Amortization Schedule


Full Definition of Amortization Schedule


The schedule of payments for paying off a loan. An amortization schedule breaks down the payments into interest and principal, which is helpful because with an amortized loan these the amounts vary with each payment. Typically, an amortization schedule will also include additional information such as the amount of interest and principal paid, as well as the remaining principal balance. Amortization schedules are most frequently used with mortgages.


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December 08, 2021 https://payrollheaven.com/define/amortization-schedule/.
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https://payrollheaven.com/define/amortization-schedule/ (accessed: December 08, 2021).
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Amortization Schedule. PayrollHeaven.com. Retrieved December 08, 2021
, from PayrollHeaven.com website: https://payrollheaven.com/define/amortization-schedule/

Definition Sources


Definitions for Amortization Schedule are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.