Early Amortization Event Payment Amounthas the meaning set forth in the relatedIndenture Supplement,if applicable. Sample 1 Early Amortization Event Payment Amountmeans,with respect tothe Series2023-GTL2 PromissoryTerm Notes, thesum of(i) one-thirty-sixth (1/36) of theoutstanding loan amountrepresen...
While depreciation in value affects cars themselves, it doesn't affect car loans. A vehicle’s purchase amount is tied tothe value of the carwhen it’s bought. The loan amount is set by the price you agree to pay minus any down payment. However, as a car is used and de...
Loan amount $ .00 Loan term 20 years Interest rate 4% Loan start date This calculator is intended for illustration purposes only and exact payment terms should be agreed with a lender before taking out a loan. Your results Monthly payment $ Total interest paid $ Total cost of loan ...
Money which is not paid when due, under a payment plan or amortization schedule. Could lead to enforcement of loan agreement by lender.(根据付款计划或分期偿还日程表,没有及时支付的金额。可能会导致贷方强制执行贷款协议。) This means forever viewing purchased Goodwill at its full cost, before any...
Amortization is fancy way to describe a payment plan: you gradually pay off a specific amount by making small payments according to a set schedule. Amortization takes place over a specific period of time. The root of amortization can be traced to the Middle English word amortisen, meaning “...
2.(Banking & Finance) (in computing the redemption yield on a bond purchased at a premium) the amount that is subtracted from the annual yield. Compareaccumulation3b amortizement,amortisementn Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991...
With a fixed-rate mortgage, the monthly payments remain the same throughout the loan’s term. However, each time you make a payment, the amount of your payment that goes to the principal differs from the amount that gets applied to interest, even though you make each payment in equal inst...
Amortization Payment Date shall have the meaning set forth in Section 2(d). Expected Amortization Schedule means, with respect to any Tranche, the expected amortization schedule related thereto set forth in the Series Supplement. Amortization means the gradual extinguishment of an amount in an account...
ARMs have variable interest rates that fluctuate with market conditions. Once the fixed interest rate period ends, your monthly payment amount can change multiple times over the life of your loan based on current interest rates. Fluctuating interest rates will affect your amortization schedule each ti...
Amortization is based on the principle of gradually reducing the outstanding balance of a loan over its term. Each payment you make goes towards both the principal amount borrowed and the interest charged by the lender. In the early years of a loan, a larger portion of your payment goes towa...