Definition of Amortized Loan in the Financial Dictionary - by Free online English dictionary and encyclopedia. What is Amortized Loan? Meaning of Amortized Loan as a finance term. What does Amortized Loan mean in finance?
A definition of the term "amortized mortgage" is presented. It refers to a long-term loan, usually for the purchase of real estate, in which the borrower makes monthly payments, part of which cover the interest on the loan and part of which cover the repayment of the principal....