________ are loans in which the borrower's periodic payment consists of scheduled principal and interest payments over the life of the loan.

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Amortizing assets are loans in which the borrower's periodic payment consists of scheduled principal and interest payments over the life of the loan. Nonamortizing assets, on the other hand, do not have scheduled principal payments and are usually interest-only loans. Similarly, amortizing liabilities require scheduled principal and interest payments, while nonamortizing liabilities do not have scheduled principal payments and are usually in the form of a balloon payment due at the end of the loan term.

________ Are Loans in Which the Borrower's Periodic Payment Consists