Amortization

Definition:

1. The gradual reduction of a debt by means of equal periodic payments sufficient to meet current interest and liquidate the debt at maturity.

2. In accounting, the systematic writing off of an account or asset over its estimated life (depreciation).

Related terms:

Saturation

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Term: Banking -> Amortization

Amortization

1. The gradual reduction of a debt by means of equal periodic payments sufficient to meet current interest and liquidate the debt at maturity. 2. In accounting, the systematic writing off of an account or asset over its estimated life (depreciation).

Compounding