Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
amortization schedule
a schedule of periodic payments of interest and principal owed on a debt obligation; specif., a loan schedule showing both the amount of principal and interest that is due at regular intervals over the loan term and the remaining unpaid principal balance after each scheduled payment is made.
loan-amortization schedule
A schedule that divides each loan payment into an interest component and a principal component. ( Typically, the interest component begins as the largest part of each payment and declines over time. See AMORTIZATION (1).