Insurance, Inc., but are underwritten by unaffiliated insurance companies. The investment management group is the investment advisory division of Arvest Investments, Inc., doing business as Arvest Wealth Management, member FINRA/SIPC, an SEC registered investment adviser.
· So, let’s first start by describing amortization, in simple terms, as the process of reducing the value of an asset or the balance of a loan by a periodic amount . Each time you make a payment on a loan you pay some interest along with a part of the principal. The principal is the original loan amount, or the balance that you must pay off. By making regular periodic payments, the principal.
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