Entering formulas in scheduled transactions

Jon Lapham lapham at extracta.com.br
Mon Sep 8 23:07:53 CDT 2003


Derek Atkins wrote:
> According to webster:
> 
> am.or.tize [high falutin' definition stuff snipped]
 > to provide for the gradual extinguishment of (as a mortgage)
 > usu. by contribution to a sinking fund at the time of each
 > periodic interest payment

Derek, you mean to tell me that when you needed an authoritative 
definition for amortization, you thought of Webster before the GnuCash 
documentation?!  :)

But seriously, is our definition okay?

http://www.gnucash.org/docs/v1.8/C/gnucash-guide/loans_concepts1.html#loans_conceptsterms2

Amortization - the repayment plan which will insure that a loan is 
eventually paid off, typically utilizing equal valued monthly payments.

-- 
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  Jon Lapham  <lapham at extracta.com.br>          Rio de Janeiro, Brasil
  Work: Extracta Moléculas Naturais SA     http://www.extracta.com.br/
  Web: http://www.jandr.org/
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