amortization period

amortization period

For financial instruments, the time from the inception of a loan or investment instrument with scheduled principal repayments to the due date of the final contractually obligated principal repayment. For fixed assets, the period from the acquisition of a fixed asset to the date of the last periodic reduction (made to reflect depreciation) of the book value of that asset. (Assets may be depreciated until the book value is zero, but sometimes are only depreciated until the book value is reduced to an assumed salvage value.)

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Industry/Domain: Banking
Category: Personal banking
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Related terms

amortization

Banking; Investment banking

(1) The reduction of a debt by means of payments in instalments. (2) Obsolete term for depreciation.

amortization

Financial services; Home equity

A series of payments over a specific period of time calculated to fully pay the loan amount plus interest by the end of the life of the loan.

amortization

Economy; Economics

The running down or payment of a loan by installments. An example is a repayment mortgage on a house, which is amortized by making monthly payments that over a pre-agreed period ...

amortization

Law; Laws and acts

Amortization is the payment of a debt in equal, regular payments; and is termed as amortization in law.

amortization

Outsourcing & offshoring; Business process outsourcing (BPO)

The write-off of an amount spent for certain capital assets, similar to depreciation. This tax meaning is different from the common meaning of the term that describes, for ...

banking

Banking; Personal banking

In the broadest sense of the term, “banking” is the business of accepting temporary responsibility for safeguarding other people's money (“deposits”) and then lending out these ...

adversely classified asset

Banking; Personal banking

Loans and other assets that are at risk to some degree, in the opinion of bank examiners. Such assets fail to meet acceptable credit standards, and totals of classified loans are ...

ATM skimming

Banking; Personal banking

Describes the consumer fraud or theft that occurs when using an ATM that has been tampered with. Devices attached to the ATM (more commonly occurring at stand-alone ATMs) are ...

Transaction

Banking; Personal banking

A [financial] transaction involves a change in the status of the finances of two or more businesses or individuals.

lean

Banking; Personal banking

Lean is a methodology introduced in the business world and adopted by the banking sector in order to simplify internal processes and procedures to make the company efficient.

betting

Banking; Personal banking

A bet may be defined as the backing of an affirmation or forecast by offering to forfeit, in case of an adverse issue, a sum of money or article of value to one who, by accepting, ...

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