|Loan amortization schedule|
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Definition of Loan amortization schedule
Loan amortization schedule
The schedule for repaying the interest and principal on a loan.
A table of accounts receivable broken down into age categories (such as 0-30 days, 30-60
Classification of accounts receivable by time outstanding.
The repayment of a loan by installments.
See depreciation, but usually in relation to assets attached to leased property.
This term has two quite different meanings. First, it may
Reduction in value of an asset over some period for accounting
The write-off of an asset over the period when the asset is used. This term
The systematic and rational allocation of capitalized costs over their useful lives.
The reduction of debt by regular payments of interest and principal sufficient to pay off a loan by maturity.
The repayment of a loan by installments.
Refers to the reduction of debt by regular payments of interest and principal in order to pay off a loan by maturity.
The pool factor implied by the scheduled amortization assuming no prepayemts.
A schedule that shows precisely how a loan will be repaid. The schedule gives the required payment on each specific date and shows how much of it constitutes interest and how much constitutes repayments of principal.
The average useful life of a company's collective amortizable asset base.
A loan in which two companies in separate countries borrow each other's currency for a
A short term loan to cover the immediate cash requirements until permanent financing is received.
Broker loan rate
Related: Call money rate.
Builder buydown loan
A mortgage loan on newly developed property that the builder subsidizes during the
A bank term loan that calls for no amortization.
Commercial Business Loan (Credit Insurance)
An agreement between a creditor and a borrower, where the creditor has loaned an amount to the borrower for business purposes.
Overnight, collateralized loan made to a dealer financing his position by borrowing from a
A loan which must be repaid in full on demand.
Earnings before interest, taxes, depreciation and amortization (EBITDA)
The operating profit before deducting interest, tax, depreciation and amortization.
Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA)
An earningsbased measure that, for many, serves as a surrogate for cash flow. Actually consists of working
Given the after-tax stream associated with a lease, the maximum amount of conventional
Extended Amortization Period
An amortization period that continues beyond a long-lived asset's economic useful life.
Extended Amortization Periods
Amortizing capitalized expenditures over estimated useful lives that are unduly optimistic.
Farm Improvement and Marketing Cooperatives Loans Act
Federal Home Loan Banks
The institutions that regulate and lend to savings and loan associations. The
A loan on which the rate paid by the borrower is fixed for the life of the loan.
Fixed Rate Loan
loan for a fixed period of time with a fixed interest rate for the life of the loan.
Freddie Mac (Federal Home Loan Mortgage Corporation)
A Congressionally chartered corporation that
loan made by one unit of a corporation to another unit of the same corporation.
A secured short-term loan to purchase inventory. The three basic forms are a blanket
loans of $1 billion or more. Or, loans that exceed the statutory size limit eligible for purchase or
Borrowed funds having a fixed interest rate.
Express stipulations included in loan agreements that are designed to monitor
Group of banks sharing a loan. See: syndicate.
The amount a policyholder may borrow against a whole life insurance policy at the interest rate
Amounts that have been loaned to the company and that it still owes.
Mandatory redemption schedule
schedule according to which sinking fund payments must be made.
Give the borrower the possibility of drawing a loan in different currencies.
loans usually represented by conventional mortgages on multi-family rental apartments.
A loan repayment schedule in which the outstanding principal balance of the loan
Negative Loan Covenants
loan covenants designed to limit a corporate borrower's behavior
A loan advanced under an operating line of credit.
A process whereby two companies in different countries borrow each other's currency for a
A lump sum that you borrow from a financial institution for a specified period of time. To repay the loan, you pay interest on the entire lump sum, and make payments on a scheduled basis.
Planned amortization class CMO
1) One class of CMO that carries the most stable cash flows and the
Positive Loan Covenants
loan covenants expressing minimum and maximum financial measures
Project loan certificate (PLC)
A primary program of Ginnie Mae for securitizing FHA-insured and coinsured
Project loan securities
Securities backed by a variety of FHA-insured loan types - primarily multi-family
Usually FHA-insured and HUD-guaranteed mortgages on multiple-family housing complexes,
Savings and Loan association
National- or state-chartered institution that accepts savings deposits and
Scheduled cash flows
The mortgage principal and interest payments due to be paid under the terms of the
secured loan or line of credit
A lump sum of funds (loan), or a revolving source of credit with a pre-established limit (line of credit), for which the customer must provide collateral.
loan to finance current assets, The sale of the current assets provides the cash to repay
A bank loan, typically with a floating interest rate, for a specified amount that matures in between
A secured loan made to business concerns for a specific period (normally three to ten years). It is repaid with interest, usually with periodical payments.
A loan extended by a bank for a specific purpose. In contrast, lines of credit and revolving
Variable rate loan
loan made at an interest rate that fluctuates based on a base interest rate such as the
Graduated-payment mortgages (GPMs)
A type of stepped-payment loan in which the borrower's payments
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