Difference between revisions of "Amortization"
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Latest revision as of 14:33, 21 May 2024
Definition
Amortization. The process of reduction of debt or other costs through periodic charges to assets or liabilities, such as through principal payments on mortgages.
Amortization happens over a defined period of time.
See Also
- Amortization Type
- Amortization Schedule
- Barron's Dictionary of Business and Economics Terms, Fifth Edition, 2012
