Amortize Financial Glossary
What is it? To reduce a debt by regular payments of both principal and interest, as opposed to interest only payments.Finance Term Definition Added By: Christopher
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Other Similar Finance Terms:
Financial Term Federal Funds is Non-interest-bearing deposits of banks with the Federal Reserve. Banks lend excess reserves out to each other.Financial Term OpenEnd Fund is A mutual fund that is formed to continuously issue and buy back shares to meet investor demand. The share price is determined by the market value of the securities held by the funds portfolio, and it may be higher or lower than the original purchase price. Open-end funds can be load or no-load (see Portfolio, Load Fund, No Load Fund).
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