Agricultural funds 2 – Definitions of terms and conditions
Amortization: Repayment of a loan in some money in which each payment covers interest and main.
Completely amortized: The regular mortgage payments were sufficient to totally pay the entire main balances within the name for the loan.
Partly amortized: The regular loan costs make some reduction in the key balance but they are perhaps not sufficient to completely pay the complete principal more than the word of theloan.
Amortization plan: a dining table that highlights the payments, stability, interest compensated, and lowering of key for a amortized financing.
Annual percentage rate: The true interest rate for a financial loan or financial, typically also known as APR.
Annuity: several equal, periodic funds flows over a limited time period. Annuity due: An annuity where the earnings circulates occur at the https://americashpaydayloan.com/payday-loans-nj/lincoln-park/ start of each cycle.
Average annuity: An annuity in which the finances moves take place after each cycle.
Annuity-equivalent: A method familiar with examine opportunities with unequal time limits.
Possessions: financial resources possessed by a company and presents the sum of the funds invested.
Capital asset: Non-current (or long-term property) had by a company or by individuals. A secured asset with an economic lifestyle more than one-year.
Current asset: finances and every other advantage that, from inside the typical span of procedures, is expected as converted into cash or eaten during the manufacturing procedure within 12 months or normal running period.
Non-current asset: An asset having a helpful life more than one year.