split-term amortization

split-term amortization
An amortization schedule that has periodic payments inconsistent with the maturity date of the debt. For example, a 5/10 amortization schedule requires payments just large enough to fully amortize the debt in 10 years together with a final maturity date only 5 years in the future. Split-term amortization schedules result in balloon payments at maturity. American Banker Glossary

Financial and business terms. 2012.

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