Phrases with «amortization period»

The phrase "amortization period" refers to the length of time it takes to pay off a loan or debt gradually through regular payments, including both the principal (the borrowed amount) and interest. It is the timeframe in which you make scheduled payments to fully repay your debt. Full definition

Related phrases

year amortization period
mortgage amortization period

Sentences with «amortization period»

Customers are offered home equity loans with long amortization periods of up to 40 years. (lifeoncredit.ca)
To keep ever more cars and trucks moving off dealer lots, the car companies have increasingly turned to ridiculously long amortization periods of up to 96 months. (canadianbusiness.com)
In the past four years, the maximum amortization period for government - insured mortgages has fallen from 40 years to 25. (canadianbusiness.com)
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Phrases with «amortization period»

Related phrases

Sentences with «amortization period»

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