amortization
IPA: æmɝtɪzˈeɪʃʌn
noun
- The reduction of loan principal over a series of payments.
- The distribution of the cost of an intangible asset, such as an intellectual property right, over the projected useful life of the asset.
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Examples of "amortization" in Sentences
- It is a form of negative amortization loan.
- These are the types of negative amortization loans.
- This type of loan can result in negative amortization.
- It is the difference between negative amortization and a reverse mortgage.
- Negative amortization loans can be high risk loans for inexperienced investors.
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