SELF-AMORTIZING LOAN
Self-Amortizing Loan is a kind of loan. A self-amortizing Loan is composed of periodic payments that has that includes both the principal and the interest. Self-Amortizing Loan is designed in a way that the loan will be paid off at the end of a scheduled term due to the fact that it is a fixed-rate loan where the value of the separate payments along with the breakdown of principal and interest is known in advance. In the case that the loan is an adjustable-rate mortgage, it may still be categorized as self-amortizing except for the fact that the breakdown of principal and interest cannot be determined in advance.
POPULAR TERMS
Target Return
Pricing model used in valuing a business based on what an investor expects from any capital invested in the firm. It is computed by adding the amou ...
Remainder Man
An individual who receives the remaining principal in a trust account after all required payments have been made, such as those to the beneficiary ...
Average Collected Balance
The total average of the collected funds in a bank account in a month. The balance is calculated by adding the collected balance and dividing it by ...
Bankable Funds
Forms of payment that are accepted at financial institutions. Retailers and other organizations that directly accept payments from customers typica ...
Prudent-Person Rule
A legal maxim that restricts the discretion in a client's account to investments that a prudent person seeking reasonable income and preservati ...
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