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.
Related information about amortized loan:
- Amortized Loan Definition | Investopedia
A loan with scheduled periodic payments of both principal and interest. This is opposed to loans with interest-only payment features, balloon payment features ...
- Amortizing loan - Wikipedia, the free encyclopedia
In banking and finance, an amortizing loan is a loan where the principal of the loan is paid down over the life of the loan (that is, amortized) according to some ...
- What is an Amortized Loan?
An amortized loan is a financial loan in which the payments are the same amount every month. Amortized loan can be total, which...
- Amortized Loan - Financial Dictionary - The Free Dictionary
A loan with the same payment each pay period. In an amortized loan, different amounts go to principal and interest each month. This allows the lender to receive ...
- What is non-amortized loan? definition and meaning
Definition of non-amortized loan: Loan arrangement in which periodic installments cover on the interest amount and do not reduce the outstanding principal ...
- How to Calculate an Amortized Loan | Home Guides | SF Gate
An amortized loan has a level monthly payment and a specific number of payments before the loan is paid off. Typical amortizing loans are car loans and home ...
- Amortized Loan - Normal
Amortized loan is calculated according to this schedule. Payments are set up using the formula given below. RULE OF 78's. The difference between the above ...
- Set Up a Liability Account for an Amortized Loan in Quicken 2012 ...
An amortized loan is one on which you make regular, equal payments. Over time, the principal portion of each payment pays off, or amortizes, the loan principal.