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.

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

译员海燕，毕业于法国顶尖的高级翻译学院，专注翻译各种与破产对抗诉讼有关的法律文件。