Tag: AM
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Amortization
Amortization in the Context of Mortgage RefinancingsIn this context, a definition of Amortization may be distilled, worded as follows: The process of fully paying off indebtedness by installments of principal and earned interest over a specific amount of time.
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American Option
Concept of American Option in Futures TradingIn this context of financial law, the following is a definition of American Option: An option that can be exercised at any time prior to or on the expiration date. See European Option.
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Amortising Swap
Concept of Amortising swap in the context of derivatives contract, by the International Swaps and Derivatives Association (ISDA): A swap (i.e. a derivative where two counterparties exchange streams of cashflows with each other) with a decreasing principal amount as set out in a predefined […]