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.
assignment of mortgage. Definition. A written document serving as evidence of a transfer of a loan obligation from the original borrower to a third party. Use this term in a sentence. â The assignment of mortgage was included in the evidence presented to the court during the chapter 13 bankruptcy case yesterday.