amortization schedule
Definition
Use this term in a sentence
“ The amortization schedule was strictly adhered to by the debtor as they wanted to pay off the debt as much as we wanted them to. ”
“ Our amortization schedule ensured that we would pay back everything on time and everything would be okay for us, in the long run. ”
“ When we were ready to purchase our first home the amortization schedule shocked us because the amount we would pay for the house over the length of the loan was more than double the purchase price. ”