törlesztést

Törlesztés is a Hungarian word that translates to repayment or amortization in English. It refers to the process of paying back a debt, typically a loan, in regular installments over a specified period. This concept is fundamental to personal finance and the banking industry, allowing individuals and businesses to acquire assets or funds that they may not be able to afford outright.

The repayment of a loan usually involves both principal and interest. The principal is the original amount borrowed, while the interest is the cost charged by the lender for the use of the money. In most loan agreements, the törlesztés schedule is structured so that in the initial stages, a larger portion of the payment goes towards interest, and as the loan progresses, more of the payment is applied to the principal. This gradual reduction of the principal balance is known as amortization.

Loan repayment schedules can vary greatly depending on the type of loan, the interest rate, and the agreed-upon term. Common repayment frequencies include monthly, bi-weekly, or even weekly installments. The terms of the törlesztés are legally binding and outlined in the loan agreement, which specifies the amount of each payment, the due dates, and the consequences of late or missed payments, such as penalties or an increase in interest. Understanding the törlesztés process is crucial for borrowers to manage their financial obligations effectively and avoid debt accumulation.