Business / Construction / Amortization : A payment plan by which a loan is reduced through monthly payments of principal and interest.

Earnings Before Taxes (EBT)

Business / Finance / Earnings Before Taxes (EBT): A financial measure defined as revenues less cost of goods sold and selling, general, and administrative expenses. In other words, operating and nonoperating profit before the deduction of interest an MORE

Rollover Loan

Business / Real Estate / Rollover Loan: A loan that includes a call date earlier than its normal amortization period, also called a renegotiable rate loan or a bullet loan. MORE

Payment Cap

Business / Debt / Payment Cap: A Payment Cap is the maximum amount for a payment under an Adjustable Mortgage Loan, regardless of the increase in the interest rate. If the payment is less than the interest alone, negative amortizat MORE

Reported Factor

Business / Finance / Reported Factor: The pool factor as reported by the bond buyer for a given amortization period. MORE

Purchase Method

Business / Accounting / Purchase Method: A method used to prepare consolidated financial statements when one company has acquired a controlling interest in another company with similar activities by exchanging cash or other assets for more t MORE

Fully Amortized

Business / Real Estate / Fully Amortized: Fully amortized mortgages are paid in equal monthly installments, which include interest and amortization of principal, paid over a period of years. The interest is set at a predetermined rate and is MORE