Related Words

Straight-Line Amortization: A method of systematically writing off a bond discount or premium in equal amounts each period until maturity.

Straight-Line Depreciation: Allows shareholder to cast all of the shareholder's votes for each candidate for the board of directors.

Straight-Line Depreciation Method: The depreciation method in which the cost of an asset is allocated equally over the periods of an asset's estimated useful life.

Straight-Line Method: A method of depreciation, also called the age-life method, that is computed by dividing the adjusted basis of a property by the number of years of estimated remaining useful life. The cost o . . . View Full Definition

Targeted Amortization Class (TAC) Bonds: A monetary system under which countries pledge to maintain their exchange rates within a specific margin around agreed-upon, fixed central exchange rates.

Straight-Line Winds: Any surface wind that is not associated with rotation. An example is the first gust from a thunderstorm, as opposed to tornadic winds.

Planned Amortization Class (PAC): (1) The class of CMO that has the most stable cash flows and the lowest prepayment risk of any class of CMO Because of a stable cash flow, it is considered the least risky CMO (2) A CMO bond . . . View Full Definition

Negative Amortization: When your loan principal increases rather than decreases because your monthly payment isn’t enough to cover the loan interest, that’s called negative amortization. This can happen if you hav . . . View Full Definition

Earnings Before Interest Tax Depreciation And Amortization (EBITDA): Is used to isolate operating numbers from long-term costs -- for example, goodwill resulting from a flurry of acquisitions.

Amortization Factor: The pool factor implied by the scheduled amortization assuming no prepayments.