Amortization

Definition:
Amortization is the repayment of a debt through making systematic payments of principal and/or interest over a set period of time, so that at the end of the time period there is a zero balance.
Amortization is the repayment of a debt through making systematic payments of principal and/or interest over a set period of time, so that at the end of the time period there is a zero balance.
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