Examlex
When something of value has no price attached to it,
Amortize
The process of gradually paying off a debt or spreading the cost of an intangible asset over its useful life for accounting and tax purposes.
Equal End-of-Year
A term referring to payments or allocations that are made uniformly at the end of each year.
Effective Annual Rate
The effective annual rate (EAR) is the interest rate on a financial product restated from nominal terms into an annualized rate accounting for compounding over a period.
Loan Contract
A legally binding agreement between a borrower and a lender that outlines the terms and conditions of a loan.
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