Loan Amortization Definition

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Posted on February 26, 2019 at 08:33 AM

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What is a loan? definition and meaning ...
Written or oral agreement for a temporary transfer of a property (usually cash) from its owner (the lender) to a borrower who promises to return it according to the terms of the agreement, usually with interest for its use. If the loan is repayable on the demand of the lender, it is called a demand loan.If repayable in equal monthly payments, it is an installment loan.
Amortization - Wikipedia
Amortisation (or amortization; see spelling differences) is paying off an amount owed over time by making planned, incremental payments of principal and interest.To amortise a loan means "to kill it off". In accounting, amortisation refers to charging or writing off an intangible asset's cost as an operational expense over its estimated useful life to reduce a company's taxable income.
Loan | Definition of Loan by Merriam-Webster
Loan vs. Lend: Usage Guide. Verb. The verb loan is one of the words English settlers brought to America and continued to use after it had died out in Britain. Its use was soon noticed by British visitors and somewhat later by the New England literati, who considered it a bit provincial.

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