fully amortized

USAGE SUMMARY

The phrase "fully amortized" is correct and usable in written English.
It is typically used in financial contexts to describe a loan or mortgage that is paid off completely over a specified period through regular payments. Example: "The home loan is fully amortized over 30 years, ensuring that the borrower will own the property outright at the end of the term."

✓ Grammatically correct

Formal & Business

News & Media

Science

Human-verified examples from authoritative sources

Exact Expressions

19 human-written examples

"We bought it, we've rented it, it's fully amortized, but it's not sold out every week.

The New York Times - Tech

Interest rates are usually an eighth- to a half-percentage point higher than on fully amortized jumbo loans.

The New York Times

To survive in the face of such competition, companies may be forced to replace existing units before they are fully amortized and before depreciation reserves have become large enough to pay for the replacements.

Harvard Business Review

Cheap electricity from a fully amortized long-life reactor is a gift from the generations that paid for the reactor to future generations that benefit from it, and they compensate (to a degree) for the burden of geologically sequestered wastes.

Technology in Society

With 5% annual renewable cost declines and a carbon price equal to the U.S. government's social cost of carbon, new unsubsidized wind and solar PV generation at existing coal plant locations will be cost-competitive with fully amortized U.S. coal plants by 2019 and 2031, respectively.

Massachusetts Institute of Technology

But by mid-decade growth had slowed, and I realized our model was fully amortized".

Forbes

Human-verified similar examples from authoritative sources

Similar Expressions

41 human-written examples

There are the Fannie Small Loans, which are special because they offer fully amortizing loans (fixed and fully amortizing up to 30 years).

Forbes

the aggregate amount of the minimum periodic payments required would not fully amortize such outstanding balance by such date or at the end of such period.

Cornell University

Installment payments will be calculated based on new principal amount as of Election Day and will fully amortize over the remaining term of the license.

Cornell University

The bonds, which were privately placed with investors and fully amortize over seven years, came with a rate of under 5 percent, well below the 8 to 12 percent that banks would normally charge borrowers for this type of expenditure, Mr. Podos said.

The New York Times

On the other hand, fears of bright-line prohibitions on deals with leverage above 6 times the borrower's annual EBITDA and/or requirements that borrowers have sufficient cash flow to fully amortize debt over a specified period are not expected to be realized.

Columbia University

Expert writing Tips

Best practice

When discussing financial instruments or assets, ensure that the term "fully amortized" is used in the context of complete repayment or expense recognition over the asset's useful life. It signifies that no outstanding principal remains on a loan or that an asset's value has been fully accounted for through depreciation or amortization.

Common error

Avoid using "fully amortized" interchangeably with simply paying off a portion of a loan or reducing debt. "Fully amortized" specifically means the entire principal and interest are paid off according to the agreed schedule. It should not be used to describe prepayments or partial repayments.

Linguistic Context

The phrase "fully amortized" functions primarily as an adjective describing a loan, asset, or expense. It indicates that the full cost or value has been accounted for over a specified period. This usage is well-supported by examples provided by Ludwig AI, confirming its grammatical correctness and common use in describing financial concepts.

Expression frequency: Common

Frequent in

News & Media

30%

Formal & Business

30%

Academia

20%

Less common in

Science

10%

Wiki

5%

Encyclopedias

5%

Ludwig's WRAP-UP

In summary, "fully amortized" is a commonly used term in financial and business contexts to describe the complete repayment of a loan or the full depreciation of an asset. Ludwig AI confirms that it is grammatically correct. It's crucial to use this term accurately, distinguishing it from partial repayments or prepayments. Related phrases include "completely paid off" and "fully depreciated", each suitable for slightly different contexts. Understanding the nuances of "fully amortized" is essential for clear communication in financial discussions.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

completely amortized

Emphasizes the completeness of the amortization process, similar to "fully amortized".

entirely amortized

Similar to 'completely amortized', highlighting the thoroughness of the amortization.

fully paid off

Focuses on the loan or asset being completely paid, a direct consequence of full amortization.

completely paid off

Similar to 'fully paid off', putting more emphasis on the completeness of the payment.

fully depreciated

Used when referring to assets rather than loans, indicating that the asset's value has been completely expensed.

completely depreciated

Similar to 'fully depreciated', highlighting the thoroughness of the depreciation.

amortized in full

Rephrases the term to emphasize the 'in full' aspect, highlighting the total amortization.

debt fully extinguished

Focuses on the result of amortization for debt, highlighting the elimination of debt.

loan fully retired

Indicates that the loan has been completely paid off and is no longer active.

asset's cost recovered

Focuses on the financial outcome of amortization or depreciation, where the initial cost is recovered.

FAQs

How is "fully amortized" used in financial contexts?

In finance, "fully amortized" describes a loan or asset that is paid off or expensed completely over a specified period through regular payments or depreciation. For example, a mortgage is "fully amortized" when the entire principal and interest are paid.

What's the difference between "fully amortized" and partially amortized?

A "fully amortized" loan is paid off completely by the end of its term, while a partially amortized loan (also known as a balloon loan) requires a large lump-sum payment at the end of the term to cover the remaining principal. A "partially amortized loan" does not fully repay the principal through regular payments.

What are some synonyms for "fully amortized" in a financial context?

Alternatives for "fully amortized" include "completely paid off", "fully depreciated" (when referring to assets), or "entirely amortized". The best choice depends on whether you are talking about a loan or an asset.

How does "fully amortized" affect accounting for assets and liabilities?

When an asset is "fully amortized" (or fully depreciated), its book value on the balance sheet is reduced to zero (or its salvage value). For a liability like a loan, being "fully amortized" means there is no outstanding balance; the liability is extinguished.