Resources > Glossary > Amortization

Glossary of Notary Public, Mortgage, Signing Agent, and Loan Signing Terms.

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Common Terms 1   Common Terms 2

Amortization

Phonetics: am·or·ti·za·tion    \ ˌa-mər-tə-'zā-shən\

Function: noun

Definition 1:
Amortization means loan payment by equal periodic payments calculated to pay off the debt at the end of a fixed period, including accrued interest on the outstanding balance.