Fully Amortizing: This describes a loan where the balance owed at the scheduled end of the loan is zero if all regular monthly payments are made as scheduled.

 

Related Words

Fully Amortizing: This describes a loan where the balance owed at the scheduled end of the loan is zero if all regular monthly payments are made as scheduled.

Fully Modified Pass-Throughs: Used to describe an investor whose assets are totally committed to investments, typically stock.

Fully Invested: A new stock issue that has been completely resold to the investing public and is no longer held by dealers.

Fully Valued: Agency pass-throughs that guarantee the timely payment of both interest and principal. Related: Modified pass-throughs.

Self-Amortizing Loan: A self-amortizing loan is one that’s paid off over a specific period of time as the borrower makes regular installment payments. Part of each payment covers some interest on the loan, and th . . . View Full Definition

Self-Amortizing Mortgage: Mortgage whose entire principal is paid off in a specified period of time with regular interest and principal payments.

Fully Insured Plan: A benefit plan where the employer contracts with another organization to assume financial responsibility for the enrollees’ medical claims and for all incurred administrative costs.

Fully Funded Plan: A health plan under which an insurer or MCO bears the financial responsibility of guaranteeing claim payments and paying for all incurred covered benefits and administration costs.

Fully Amortized: Fully amortized mortgages are paid in equal monthly installments, which include interest and amortization of principal, paid over a period of years. The interest is set at a predetermined ra . . . View Full Definition

Fully Depreciated: Also called rental lease. Arrangement in which lessor promises to maintain and insure the equipment leased.