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Terris，毕业于国内一流的高级翻译学院，擅长翻译各种与政府合同相关的法律文件。