Business and Personal Finance Dictionary

# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z 

• AMORTIZATION SCHEDULE
  
  A schedule of payments designed to liquidate a debt. May be over any agreed upon period of time. An example of this would be a standard 30-year mortgage amortization wherein a borrower would make 360 equal consecutive monthly payments at the end of which the original loan would be paid in full.
  
  Back