AmortizationThe deduction of an expense in installments over a period of time, rather than all at once.
AmortizationThe repayment of a loan by installments.
AmortizationPayment of a debt in equal installments of principal and interest, rather than interest only payments.
Amortization scheduleAmortization schedule
A schedule of how mortgage debt is changed over time.
Earnings before interest, taxes, depreciation, and amortization (EBITDA)Earnings before interest, taxes, depreciation, and amortization (EBITDA)
A financial measure defined as revenues less cost of goods sold and selling, general, and administrative expenses. In other words, operating and nonoperating profit before the deduction of interest and income taxes. Depreciation and amortization expenses are not included in the costs.
Amortization tablesAmortization tables
Mathematical tables lenders use to calculate a borrower's monthly payment.
Planned amortization class (PAC)Planned amortization class (PAC)
(1) The class of CMO that has the most stable cash flows and the lowest prepayment risk of any class of CMO Because of a stable cash flow, it is considered the least risky CMO (2) A CMO bond class that stipulates cash flow contributions to a sinking fund. A PAC directs principal payments to the sinking fund on a priority basis in accordance with a predetermined payment schedule, with prior claim to the cash flows before other CMO classes. Similarly, cash flows received by the trust in excess of the sinking fund requirement are also allocated to other bond classes. The prepayment experience of the PAC is therefore very stable over a wide range of prepayment experience.
Amortization factorAmortization factor
The pool factor implied by the scheduled amortization assuming no prepayments.
Further SuggestionsNegative amortization
Loan amortization schedule
N Negative Amortization