amortization

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.

Example Sentences

The amortization schedule showed a 10-year repayment plan.

Smart amortization prevents financial strain.

Synonyms

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

Entry 1

loan repayment, debt reduction, depreciation

Entry 2

loan repayment, installment reduction, debt allocation

Antonyms

accumulation, indebtedness, default, non-payment

Entry 1

accumulation, indebtedness, default

Entry 2

accumulation, default, non-payment