noun
US/ˌæm.ɔːr.təˈzeɪ.ʃən/
UK/əˌmɔː.tɪˈzeɪ.ʃən/
the gradual repayment of a loan through regular payments over time
In context
The bank showed us the amortization schedule for our twenty-year home loan.
Short entry. Full notes coming.
the gradual repayment of a loan through regular payments over time
The bank showed us the amortization schedule for our twenty-year home loan.
Short entry. Full notes coming.