Fully Amortizing Payment

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Definition: Fully Amortizing Payment

Fully Amortizing Payment
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Full Definition of Fully Amortizing Payment

Payment of a loan whereby a part of the payment is principal and another part of the payment constitutes interest. Should the borrower make their payments in accordance with the amortization schedule of the loan, then the loan will be fully paid off by the end of its term.

Cite Term

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Page URL
https://payrollheaven.com/define/fully-amortizing-payment/
Modern Language Association (MLA):
Fully Amortizing Payment. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
April 19, 2024 https://payrollheaven.com/define/fully-amortizing-payment/.
Chicago Manual of Style (CMS):
Fully Amortizing Payment. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/fully-amortizing-payment/ (accessed: April 19, 2024).
American Psychological Association (APA):
Fully Amortizing Payment. PayrollHeaven.com. Retrieved April 19, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/fully-amortizing-payment/

Definition Sources

Definitions for Fully Amortizing Payment 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.