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.
Understanding an Amortization Schedule An amortization schedule is a record of your loan or mortgage payments, showing, payment number, payment date, payment amount (and a breakdown of how much is principal and how much is interest) and the balance owing after that payment has been made.