A mortgage in which all principle is paid off in a set amount of time, which is typically 15 or 30 years, and covers both principle and interest payments such that at the end of the term of the mortgage the full amount of the mortgage is paid off.

Previous Terms: 1031 Exchange, 1035 Exchange, AARP, Abeyance, Abstraction Principle, Accelerated Amortization, Acceptance Credit, Acceptance of a Bill of Exchange, Accommodation Bill, Accommodation Endorser