Amortization - Law Dictionary Search Results
amortization
Matched in: Term amortization
amortize
amortize -tized -tiz·ing : to reduce (an amount) gradually: as a : to pay off (as a loan) gradually
Amortize
Amortize, to alienate lands in mortmain.
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negative amortization
Matched in: Term negative amortization
Amortization, or Amortizement
Matched in: Term Amortization, or Amortizement
cap
Payment caps do not limit the amount of interest the lender is earning, so they may cause negative amortization. Source: U.S. Department of Housing and Urban Development
collateralized mortgage obligation
bond collateralized by a pool of mortgage obligations or pass-through securities and paid according to the maturity and amortization schedule of its class and not directly from the underlying obligations called also CMO see also remic compare
expense
expenditure NOTE: Capital expenses are not tax deductible as business expenses but may be used for depreciation or amortization. mov·ing expense : an expense incurred in changing one's residence that is tax deductible if incurred for business
loan
term loan : a loan extended to a business with provisions for repayment according to a schedule of amortization and usually for a period of one to five years and sometimes fifteen years
remaining term
remaining term the original amortization term minus the number of payments that have been applied. Source: U.S. Department of Housing and Urban Development
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