The phrase "an amortization" is correct and usable in written English.
It can be used when discussing the process of gradually paying off a debt over time through scheduled payments.
Example: "The bank provided a detailed schedule for an amortization of the loan over 30 years."
Alternatives: "a repayment plan" or "a loan amortization schedule."
(You can run the numbers yourself, using different interest rates, on an amortization calculator).
Compuware said the acquisition is expected to dilute earnings for fiscal 2010 due to an amortization charge.
The Board shall determine the period of time over which the original unfunded liability should be liquidated and shall determine an amortization schedule for the liquidation of such liability over that period.
Although the program will assist with payments for non-federal loans made on an amortization schedule greater than 10 years, the amount of LRAP loans canceled will be no more than the actual scheduled loan payments made.
Although the program will assist with payments made on an amortization schedule greater than 10 years, the amount of LRAP loans forgiven will be no more than the actual scheduled loan payments made.
But Mr. Martin added that buyers should plug in the numbers on an amortization calculator (one is available at www.federalreserve.gov) and compare them with those for a conventional loan.
Instead of claiming the $37.60 price depreciation (per $1,000 face value) as a capital loss at maturity, claim it as a monthly amortization, an ordinary deduction against interest income.
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.
It would take the remainder of the mortgage as a "negative amortization certificate," a lien that the investor could recoup if the house were later sold for its original mortgage value or higher.
The $80 premium will be amortized evenly for 10 years, for an annual amortization of (80 / 10) or $8.
The numbers cited above were drawn from an Excel spreadsheet that required only minor add-ons to an existing amortization spreadsheet.
