amortisation plan vs amortisation scheme

Both 'amortisation plan' and 'amortisation scheme' are correct and commonly used phrases in the context of finance and accounting. They refer to a schedule outlining the repayment of a loan or the depreciation of an asset over time.

Last updated: March 20, 2024

amortisation plan

This phrase is correct and commonly used in finance and accounting to refer to a schedule outlining the repayment of a loan or the depreciation of an asset over time.

This phrase is used to describe a structured plan that details the periodic payments towards the reduction of a loan principal or the depreciation of an asset.

Examples:

The company presented a detailed amortisation plan for the new equipment purchase.
We need to review the amortisation plan to ensure it aligns with our financial goals.
The bank provided an amortisation plan for the mortgage loan.
The accountant prepared an amortisation plan for the company's intangible assets.
The amortisation plan outlined the gradual reduction of the loan balance over five years.

Alternatives:

repayment schedule
depreciation plan
loan amortisation schedule
asset depreciation schedule
amortisation timetable

amortisation scheme

This phrase is correct and commonly used in finance and accounting to refer to a structured plan for the repayment of a loan or the depreciation of an asset over time.

This phrase is used interchangeably with 'amortisation plan' to describe a detailed schedule outlining the periodic payments towards the reduction of a loan principal or the depreciation of an asset.

Examples:

The company devised an amortisation scheme to manage the loan payments effectively.
The amortisation scheme provided a clear timeline for the asset's depreciation.
We analyzed the amortisation scheme to understand the cash flow implications.
The financial report included an amortisation scheme for the equipment upgrades.
The accountant explained the amortisation scheme for the company's fixed assets.

Alternatives:

repayment scheme
depreciation scheme
loan amortisation plan
asset depreciation plan
amortisation strategy

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amortisation plan vs amortisation scheme