LOAN-AMORTIZATION SCHEDULE

By SovConn | June 13, 2013

loan-amortization schedule.A schedule that divides each loan payment into an interest component and a principal component. • Typically, the interest component begins as the largest part of each payment and declines over time. See AMORTIZATION(1). LOAN ASSOCIATION loan association.See SAVINGS-AND-LOAN ASSOCIATION.
[Blacks Law 8th]

Posted in Law Dictionary Definitions