amortize

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amortize

[′am·ər‚tīz]
(industrial engineering)
To reduce gradually an obligation, such as a mortgage, by periodically paying a part of the principal as well as the interest.
References in periodicals archive ?
Loan Group 4 consists of 30-year conventional, fully amortizing mortgage loans totaling $345,498,657 as of the cut-off date, Dec.
197-2(b)(6) includes rules for amortizing amounts paid for the value represented by existing checking accounts, savings accounts, escrow accounts and other similar items of a financial institution.
Loan Group 3 consists primarily of 30-year conventional, fully amortizing mortgage loans totaling $203,960,205 as of the cut-off date, secured by first liens on one-to four- family residential properties.
Forward, amortizing and zero-coupon swaps are variations of the traditional interest rate swap structure that are often used in combination with one another.
A financial institution can minimize its tax liabilities by successfully amortizing the core deposit intangible asset.
The aggregate principal balance of this pool is $109,044,964 and consists of conventional, fully amortizing, adjustable-rate mortgage loans secured by first liens on single-family residential properties, substantially all of which have original terms to maturity of 30 years.
A conservative approach would be for the term holder to depreciate the basis in the remainder at the same time he is amortizing his interest.
The aggregate principal balance of this pool is $32,300,006 and consists of conventional, fully amortizing, adjustable-rate mortgage loans secured by first liens on single-family residential properties, substantially all of which have original terms to maturity of 30 years.
Group I consists of 1,212 conventional, fully amortizing, adjustable-rate mortgage loans secured by first liens on single-family residential properties with an aggregate principal of $262,942,655.
Group 1 consists of 262 conventional, fully amortizing, adjustable-rate mortgage loans secured by first liens on single-family residential properties, with an aggregate principal of $114,532,598.
01 each (the "Preference Shares") and amortizing bonds due 2010 (the "Amortizing Bonds"), with an aggregate issue price of US$300 million.
The "Units" comprise convertible redeemable preference shares due 2010 (the "CPS") and amortizing bonds due 2010 (the "Amortizing Bonds"), and is expected to raise an aggregate amount of US$250 million.