What is AMORTIZATION SCHEDULE? What does AMORTIZATION SCHEDULE mean? AMORTIZATION SCHEDULE meaning

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What is AMORTIZATION SCHEDULE? What does AMORTIZATION SCHEDULE mean? AMORTIZATION SCHEDULE meaning - AMORTIZATION SCHEDULE definition - AMORTIZATION SCHEDULE explanation.

Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license.

An amortization schedule is a table detailing each periodic payment on an amortizing loan (typically a mortgage), as generated by an amortization calculator. Amortization refers to the process of paying off a debt (often from a loan or mortgage) over time through regular payments. A portion of each payment is for interest while the remaining amount is applied towards the principal balance. The percentage of interest versus principal in each payment is determined in an amortization schedule. The schedule differentiates the portion of payment that belongs to interest expense from the portion used to close the gap of a discount or premium from the principal after each payment.

While a portion of every payment is appli...

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