The preparation of a payment plan for a loan which allows for equal payments to be made to the creditor at consistent intervals over the life of the loan (the amortization period). Each payment covers …
Amortization Schedule
The printed table of the payments to be made on an amortized loan showing the date and amount of each payment, the amount of each payment which will be applied to interest and to principal and the …
Amortization Tables
Mathematical tables that lenders use to calculate a borrower's monthly payment. …
Amperage
The strength of an electrical current. …
Ampere
The basic unit used to measure electric current. …
Anaconda Mortgage
A specific kind of mortgage. Contains a clause that states that it secures all debts owed to the mortgagee by the mortgagor and applies to rules of the mortgage to all such debts. Clause is also known …