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.

译者Vicky，毕业于世界顶级翻译学院，擅长翻译各种与债权人权利及破产诉讼相关的法律文件。