What does Amortization Schedule mean? Read on to discover the definition & meaning of the term Amortization Schedule - to help you better understand the language used in insurance policies.
An amortization schedule is a schedule that expresses the details of how a loan will be paid off. Amortization schedules typically show the amount of interest and principle that will be due at certain time periods. In the context of insurance, many people buy mortgage insurance to help protect against the risk of defaulting on an amortized mortgage loan.
We hope the you have a better understanding of the meaning of Amortization Schedule.