Details

    • Type: Sub-task
    • Status: Closed
    • Priority: Minor
    • Resolution: Fixed
    • Affects Version/s: None
    • Fix Version/s: ODF 1.2
    • Component/s: OpenFormula
    • Labels:
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    • Proposal:
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      Use the term "amortized loan" instead of "amortized investment".

      I don't think we can avoid using the term "amortized", since that is a term of art with significance. It refers to a fixed-term, loan which is paid off at equal intervals, with equal payments. A portion of the payment goes to accrued interest and the remainder pays down the principle. If we want to have a definitions section at the start of the financial functions, we can add that.

      Also, the note "Note that Currency is a subtype of Number; it is shown as Currency since many implementations track this subtype and will set displays accordingly." does not belong here. It is already defined in 3.3.5.

      Show
      Use the term "amortized loan" instead of "amortized investment". I don't think we can avoid using the term "amortized", since that is a term of art with significance. It refers to a fixed-term, loan which is paid off at equal intervals, with equal payments. A portion of the payment goes to accrued interest and the remainder pays down the principle. If we want to have a definitions section at the start of the financial functions, we can add that. Also, the note "Note that Currency is a subtype of Number; it is shown as Currency since many implementations track this subtype and will set displays accordingly." does not belong here. It is already defined in 3.3.5.
    • Resolution:
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      amortized investment -> amortized loan

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      amortized investment -> amortized loan

      Description

      Broken out from OFFICE-916

      ISPMT

      • "amortized investment" is jargon, possibly not readily understood except in
        the US. It gets no useful hits from Google.

      [ed:] TODO: any native English speaker knowledgeable in that domain?

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            • Assignee:
              rcweir Robert Weir (Inactive)
              Reporter:
              erack Eike Rathke (Inactive)
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              • Created:
                Updated:
                Resolved: