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amortization

noun

ˌæm.ɔː.tɪˈzeɪ.ʃən

Meaning

The process of paying off debt with regular payments over time.

The action or process of gradually writing off the initial cost of an asset.

The amortization schedule showed a 10-year repayment plan.

Smart amortization prevents financial strain.

loan repayment, debt reduction, depreciation, installment reduction, debt allocation

Entry 1

loan repayment, debt reduction, depreciation

Entry 2

loan repayment, installment reduction, debt allocation

accumulation, indebtedness, default, non-payment

Entry 1

accumulation, indebtedness, default

Entry 2

accumulation, default, non-payment

A sudden overflow of a stream or river caused by heavy rain or melting snow.

a member of the aristocracy; a nobleman or woman

The action of reducing the severity, seriousness, or painfulness of something.

a cone-shaped red hat with a tassel, traditionally worn by men in some Middle Eastern countries

A call to take part in a contest or competition, especially a demanding or stimulating one; a task o...

a celestial body moving in an elliptical orbit around a star