amortization

amortization

/ˌæmɝtɪˈzeɪʃən/

📊 Finance & Business

Spreading payments over multiple periods

amortization in a sentence

“The loan amortization schedule shows monthly principal and interest.”

Origin of amortization

From Medieval Latin admortizare (to kill, alienate in mortmain), from Latin ad- (to) + mors (death)