Business, Legal & Accounting Glossary
A loan in which the principal as well as the interest is payable in monthly or other periodic installments over the term of the loan. An interest-only loan, where payments are only applied to accrued interest, is not an amortized loan.
To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.
Definitions for Amortized Loan are sourced/syndicated and enhanced from:
This glossary post was last updated: 20th November, 2021 | 0 Views.