amortized mortgage

amortized mortgage

A mortgage in which the mortgagor pays the interest as well as a portion of the principal in the periodic payment.

? At maturity, the periodic payments will have completely repaid the loan.

¡ª Also termed self-liquidating mortgage. See AMORTIZATION(1). Cf. straight mortgage.


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Carl, Chinese legal translator, specializes in translating legal documents pertaining to complex business disputes.