"Year amortization" means spreading out the repayment of a loan or debt over a period of one year. It refers to the process of paying off the loan gradually, usually in monthly installments, until it is fully repaid within one year.
The deal includes a 15 - year term loan on a 30 - year amortization schedule with a reverse earn out. (nreionline.com)
Twenty - year amortization with 10 - year terms is common, but 25 - year and 30 - year mortgages are not difficult to get, according to several respondents. (nreionline.com)
• Up to 75 % financing with 30 year amortization for primary or second home occupancy. (clearlending.com)