partially amortized loan

Definition

Loan which is partially repaid by amortization during the term of the loan and partially repaid at the end of the term.

Use this term in a sentence

You may want to try and buy up a partially amortized loan if you think it can be a good investment in the long run.

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When Sam took out the partially amortized loan, he knew that he would have a large payment to make when it came due in five years.

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In order to be able to afford the needed equipment for the office, the manager took out a partially amortized loan that lowered the initial payments amount and created a balloon payment at the end of the term of the loan.

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partial taking balloon loan