Fully amortized definition
Fully amortized means characterized by periodic payments, that if made as scheduled, result in full repayment of the principal and interest owed on a loan by the end of the loan term.
Fully amortized means characterized by periodic pay-
Examples of Fully amortized in a sentence
Fully amortized debt issue costs and the related accumulated amortization are written off in conjunction with the refinancing or termination of the applicable debt arrangement.
Should the Tenant require additional improvements to the space at that time, the costs and nature of such improvements must be approved by the Landlord and shall either be (a) Fully amortized over the balance of the Lease term at an interest rate of 10% per annum or (b) Paid for in cash by the Tenant, at Tenant's option.