amortization schedule

USAGE SUMMARY

The phrase "amortization schedule" is correct and usable in written English. You can use it when discussing loan repayment plans or financial documents that outline how payments are structured over time. For example, "The bank provided an amortization schedule to help me understand my monthly payments." Alternative expressions include "payment schedule" and "repayment plan."

✓ Grammatically correct

News & Media

Academia

Wiki

Human-verified examples from authoritative sources

Exact Expressions

36 human-written examples

$122,000 municipal debt, amortizing over 19 years at 5%. $750,000 , 10year bank loan, amortizing at 5% on a 20 year amortization schedule.

Forbes

You can also find information on how to amortize a loan in Excel via the article Prepare Amortization Schedule in Excel. 1 You may wish to list your Gross Paycheck and all deductions from it, esp.

WikiHow

As sweet a tax break as the five-year amortization schedule has been, the I.R.S. wasn't a pushover.

The New York Times - Sports

Previously, companies had to write down intangible assets and goodwill over time, on a fixed amortization schedule.

Harvard Business Review

To make certain the lender is correctly crediting the payments, he said, a borrower needs an accurate amortization schedule that takes into account the extra payments.

The New York Times

As the amortization schedule for the N.F.L. games reduces those costs, analysts are expecting strong growth next year for the cable operation.

The New York Times

Human-verified similar examples from authoritative sources

Similar Expressions

24 human-written examples

There is nothing in the mortgage contract or the Code that suggests any basis for recalculating the amortization schedule--whether by reference to the face value of the remaining principal or by reference to the unamortized value of the collateral.

Cornell University

The maturities were extended to January 2005 and their amortization schedules were revised, Loral said.

The New York Times

But the researchers found that some places have begun using 50-year and even 100-year amortization schedules.

The New York Times

My simple question is this: If the Greeks end up rejecting the E.U. bailout offer, how should the French and German banks restructure their amortization schedules?

The New York Times

Contributions to the Fund in accordance with amortization schedules under paragraphs (2), (3), and (4) shall be made as provided in section 1116 of this title.

Cornell University

Expert writing Tips

Best practice

When discussing loan terms, always refer to the "amortization schedule" to ensure clarity on how payments are allocated between principal and interest over time.

Common error

Don't assume that simply increasing your payment will automatically shorten your loan term proportionally. Check how extra payments are applied to the principal in your "amortization schedule" to understand the true impact.

Linguistic Context

The phrase "amortization schedule" primarily functions as a noun phrase, often serving as the object of a verb or the subject of a clause. It names a specific document or plan. Ludwig AI confirms this with numerous examples where it is used to describe financial arrangements.

Expression frequency: Common

Frequent in

News & Media

48%

Academia

28%

Wiki

12%

Less common in

Formal & Business

8%

Science

2%

Encyclopedias

2%

Ludwig's WRAP-UP

The term "amortization schedule" refers to a table detailing the periodic payments on a loan, showing the breakdown between principal and interest. Ludwig highlights its frequent use in news, academic, and wiki contexts, underscoring its relevance in finance and debt management. As Ludwig AI confirms, the phrase is grammatically correct. When writing about financial matters, using "amortization schedule" enhances clarity and provides essential details on repayment structures. Keep in mind that simply increasing your payment does not shorten proportionally your loan, always check the impact of extra payments. Related phrases include "repayment timeline" and "loan amortization table".

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

loan amortization table

Specifies that the schedule is presented in a tabular format.

mortgage amortization schedule

Specifies that the amortization schedule applies to a mortgage loan.

loan repayment schedule

Highlights the schedule for repaying the loan.

schedule of loan payments

Reorders the words to emphasize the scheduled nature of the payments.

repayment timeline

Focuses on the timing of payments, rather than the specific allocation between principal and interest.

debt amortization plan

Focuses on a planned approach to reducing debt over time.

debt repayment plan

Emphasizes the overall strategy for paying off debt.

debt reduction schedule

Highlights the reduction of the debt over a specified time.

principal and interest breakdown

Highlights the separation of principal and interest payments over the loan term.

loan payment calendar

Emphasizes the calendar aspect and structure of loan payments.

FAQs

How does an "amortization schedule" work?

An "amortization schedule" details how each loan payment is divided between principal and interest over the loan's term, showing the remaining balance after each payment.

What's the difference between an "amortization schedule" and a repayment plan?

While a repayment plan outlines the total amount and frequency of payments, an "amortization schedule" breaks down each payment into principal and interest components.

Can I get an "amortization schedule" for any type of loan?

Yes, "amortization schedules" are typically available for most loans with fixed payments, such as mortgages, auto loans, and personal loans.

Where can I find a free "amortization schedule" calculator?

Many websites offer free "amortization schedule" calculators. You can also prepare "amortize a loan in Excel" to generate your own.