If a customer purchases an eligible item during a sales tax holiday, but after the sales tax holiday returns the item and receives a credit toward the subsequent purchase of a different item, the purchase of that item does not qualify for the exemption even if it is an eligible item.
loan amortization schedule. Definition. Schedule of loan payments that shows due dates and the amount of money that will applied to the principal and the amount that will go towards the interest. This schedule may be adjusted if a borrower pays more than expected during a specific billing period.
An amortization loan amortization schedule shows what youâre paying in interest and principal for each and every payment until the loan is paid off. As a reminder, the âprincipalâ of the loan is what you borrowed, while the âinterestâ is, as you probably know, the cost of borrowing that money.