Amortization

The process of fully paying off indebtedness by installments of principal and earned interest over a specific amount of time.

The liquidation of a debt by regular, usually monthly, installments of principal and interest. An amortization schedule is a table showing the payment amount, interest, principal and unpaid balance for the entire term of the loan.

A payment plan that enables you to reduce your debt gradually through monthly payments. The payments may be principal and interest, or interest-only. The monthly amount is based on the schedule for the entire term or length of the loan.

Payment of a debt in equal installments of principal and interest, rather than interest only payments.

The process of reducing debt through regular installment payments of principal and interest that will result in the payoff of a loan at its maturity.

The process of reducing debt through regular installment payments of principal and interest that will result in the payoff of a loan at its maturity.

Amortization is the gradual repayment of a debt over a period of time, such as monthly payments on a mortgage loan or credit card balance.

To amortize a loan, your payments must be large enough to pay not only the interest that has accrued but also to reduce the principal you owe. The word amortize itself tells the story, since it means "to bring to death."

The process of fully paying off indebtedness by installments of principal and earned interest over a specific amount of time.

the process of paying off a debt by making regular installment payments over a set period of time, at the end of which the loan balance is zero.

The gradual reduction of debt by periodic payment sufficient to pay current interest and to eliminate the principal at maturity. This is also the term used for gradual reduction/writing off over a period of time in the book value of fixed or intangible assets, deferred charges and prepaid expenses, bond discount and bond premium, etc.