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Amortization  The process of distributing periodic payments over the life of a loan.
Amortization schedule  Lists the monthly payment, the amount of the payment applied towards reducing the principal (loan amount), and the amount of the payment that pays the interest due each month.
Argument list  The collection of cells, cell ranges, and values listed in the comma-separated list between a function's parentheses.
Arguments  A list of zero or more items enclosed in parentheses and following the function name.
Conditional test  An equation that compares two values, functions, formulas, labels, or logical values.
Date constant  A date such as 12/12/2003.
Lookup function  Uses a search value to search a table-a range of cells-for a match or close match and then returns a value from the table as a result.
Lookup table  The table that a lookup function searches.
Lookup value  The value being used to search a lookup table.
Model row  Contains distinct formulas that you can copy to other rows and not have to modify any copied cell formulas afterwards.
Positional arguments  Arguments whose position in the argument list is important and inflexible.
Principal  Amount of money borrowed.
Protect (worksheet)  Excel disallows modifications to cells or new values in cells.
Prototype  A proposed worksheet model.
Range errors  Values that are either too large or too small (negative or too close to zero, for example) that do not make sense in the context of the application.
Range name  A name that you assign to a cell or cell range that can replace a cell address or cell range in expressions or functions.
Rate  Percentage interest rate.
Relational operator  Compares two values and the result in either true or false.
Term  Time period over which you make periodic payments.
Time value of money  $100 today is more valuable than $100 is next year.
Unlocked  An attribute of a cell that leaves it unprotected.







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