amortization
/ˌæmɝtɪˈzeɪʃən/
Spreading payments over multiple periods
“The loan amortization schedule shows monthly principal and interest.”
Origin: From Medieval Latin admortizare (to kill, alienate in mortmain), from Latin ad- (to) + mors (death)
/ˌæmɝtɪˈzeɪʃən/
Spreading payments over multiple periods
“The loan amortization schedule shows monthly principal and interest.”
Origin: From Medieval Latin admortizare (to kill, alienate in mortmain), from Latin ad- (to) + mors (death)