What does Amortization calculator mean?

Amortization calculator meaning in Law Dictionary

calculator programmed to simply help amortization over a certain time period. The credit rating is employed plus rate of interest, loan term, and quantity. Spreadsheet programs can do this also lender internet sites.

Amortization calculator meaning in Business Dictionary

A programmed calculator assisting users calculate amortization over a set duration, taking into account the consumer's credit rating, rate of interest, loan term and amount. Modern spreadsheet programs, like Excel, have actually this capacity, and bank web pages frequently provide internet based ones.