Amortized loan
Amortized loan is a loan that is repaid in equal periodic amounts (or killed off) over time.
Definitions
According to Financial Management Theory and Practice by Eugene F. Brigham and Michael C. Ehrhardt (13th edition),
- Amortized loan. A loan that is repaid in equal periodic amounts (or “killed off”) over time.
According to Fundamentals of Financial Management by Eugene F. Brigham and Joel F. Houston (15th edition),
- Amortized loan. A loan that is repaid in equal payments over its life.
Related concepts
- Financial management. A combination of enterprise efforts undertaken in order to procure and utilize monetary resources of the enterprise.
