Glossary of Financial Terms Edit Title

A glossary of key financial terms, helpful for board members and any other executive unfamiliar with finance.

Glossary of Financial Terms | Nonprofit Finance Fund

Repayment of loan principal and interest. A loan can be amortized in several ways, including: (a) in equal installments of principal and interest, often called "mortgage amortization," where the interest component of the payment reduces as the principal is paid down; (b) in regular payments of varying amounts, often called "commercial amortization," which result from paying off a constant principal each installment plus interest on the amount of principal owed; and (c) in very irregular principal payments plus interest, often incorporating a larger final payment.

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