MANAGEMENT

Detailed explanation-1: -An amortized loan is a type of loan that requires the borrower to make scheduled, periodic payments that are applied to both the principal and interest.

Detailed explanation-2: -Common examples of amortizing loans include home equity loans, auto loans, personal loans, and fixed-rate mortgages.

Detailed explanation-3: -Amortized Loan: A loan to be repaid, by a series of regular installments of principal and interest, that are equal or nearly equal, without any special balloon payment prior to maturity.

Detailed explanation-4: -Fully amortized loans have schedules such that the amount of your payment that goes toward principal and interest changes over time so that your balance is fully paid off by the end of the loan term.

Detailed explanation-5: -An amortized loan is a form of financing that is paid off over a set period of time. Under this type of repayment structure, the borrower makes the same payment throughout the loan term, with the first portion of the payment going toward interest and the remaining amount paid against the outstanding loan principal.