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• 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.

  Departments of the Treasury & Housing and Urban Development, Making Home Affordable Program - Cite This Source - This Definition
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  Cite Definition for amortization

  American Psychological Association (APA)

  amortization. (n.d.). Making Home Affordable Glossary. Retrieved February 1, 2023, from website: http://www.expertglossary.com/definition/amortization.

  Chicago Manual of Style (CMS)

  amortization. www.makinghomeaffordable.gov. Making Home Affordable Glossary. Departments of the Treasury & Housing and Urban Development, Making Home Affordable Program. http://www.expertglossary.com/definition/amortization (accessed: February 1, 2023).

  Modern Language Association (MLA)

  "amortization." Making Home Affordable Glossary. Departments of the Treasury & Housing and Urban Development, Making Home Affordable Program. 1 February. 2023 http://www.expertglossary.com/definition/amortization.

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

  The Federal Reserve Board - Cite This Source - This Definition
  ×

  Cite Definition for amortization

  American Psychological Association (APA)

  amortization. (n.d.). A Consumer's Guide to Mortgage Refinancings. Retrieved February 1, 2023, from website: http://www.expertglossary.com/definition/amortization.

  Chicago Manual of Style (CMS)

  amortization. www.federalreserve.gov. A Consumer's Guide to Mortgage Refinancings. The Federal Reserve Board. http://www.expertglossary.com/definition/amortization (accessed: February 1, 2023).

  Modern Language Association (MLA)

  "amortization." A Consumer's Guide to Mortgage Refinancings. The Federal Reserve Board. 1 February. 2023 http://www.expertglossary.com/definition/amortization.

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