timetable
The word 'plazo amortizable' in Spanish is a term often used in finance, meaning 'amortization timetable' in English. It refers to a complete schedule of periodic blender payments to repay a debt. However, note that the literal translations of 'plazo' and 'amortizable' are 'term' and 'amortizable' respectively. In general conversation, the term 'timetable' is more often translated as 'horario' or 'calendario'. The term 'plazo amortizable', therefore, is more specific than just 'timetable'. It directly refers to a financial context where a debt is being repaid over a specific period.
The amortization period of this loan is five years.
This phrase indicates that the loan must be paid off within five years, which defines the timeframe for its amortization.
It is important to know the amortization period when calculating interest.
In this statement, the emphasis is on the significance of understanding the amortization period for accurate interest calculations.
The amortization period affects the monthly payment that must be made.
This phrase highlights the relationship between the amortization period and the amount of money that needs to be paid monthly.