Amanda Stanhaus

Tag: amortization

Amortization

Reducing my debt by paying installments over time. Ex. mortgage.

(Originally published on Amanda Stanhaus’s financial literacy vocab blog: XO, Bettie Vocab.)

Mortgage

I don’t have enough cash to pay for my house in full, so I took out one of these. It’s a form of amortization. AKA: reducing my debt by paying installments over time.

(Originally published on Amanda Stanhaus’s financial literacy vocab blog: XO, Bettie Vocab.)