| 单词 | AMORTIZATION |
| 释义 | Aperiodic reduction in the value of a LIABILITY or ASSET, as in a decrease in the PRINCIPAL balance of a LOAN through repayments to the lender (or payments into a SINKING FUND), or a decrease in the value of a fixed asset through periodic deductions for DEPRECIATION. Amortization may be based on constant, increasing, or decreasing payments. See also ACCRETION, ACCRETION OF DISCOUNT.AMORTIZING SWAP An OVERTHECOUNTER SWAP featuring a NOTIONAL PRINCIPAL balance that amortizes, or declines, on a preset schedule or through the triggering of a market event (commonly the breaching of an INTEREST RATE level). Amortizing swaps typically have a LOCKOUT PERIOD during which amortization is prohibited. See also ACCRETING SWAP, INDEX PRINCIPAL SWAP,REVERSE INDEX PRINCIPAL SWAP, VARIABLE PRINCIPALSWAP. |
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