Business and Personal Finance Dictionary

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• AMORTIZATION DATE AND PRICE
  
  The Amortization Date and Price fields are accessed by clicking on the amortize to button. The purpose of these additional fields is to provide a mechanism for specifying an amortization target separate from the call date. You can choose to enter any amortization date that falls at maturity or on a coupon date. The amortization price is the target value of the amortization calculations. The amortization price is generally 100; however, the program will amortize to an intermediate price, and after the amortization date is reached, the remaining premium or discount will be amortized to maturity and price of 100. Under accrual accounting methods, the program amortizes the discount or premium to the coupon date closest to the call date.
  
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