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. ”
“ 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. ”
“ 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. ”
