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A glossary is a dictionary of terms specific to a certain subject. A biology textbook might have a glossary in the back, so you can quickly look up all those technical words.

Amortized Bon

Updated on 2023-08-29T11:59:12.973378Z

Amortized Bond is the practice in which the payment of the debt is made on a regular basis, in which the principal amount or the face value of the loan is paid consistently along with the interest over the life of the bond.

Example: Fixed rate bond in which each of the monthly payments pays off a portion of the principal and the interest on the loan over the life of the bond.

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