amortization

Definitions (2)

1. The gradual elimination of a liability, such as a mortgage, in regular payments over a specified period of time. Such payments must be sufficient to cover both principal and interest.

Use amortization in a sentence

The soon to be homeowners talked about their amortization rate and where they would be in ten years from now.

​ Was this Helpful? YES  NO 7 people found this helpful.

You should try to make sure that you are doing well with amortization so that you are not taking on to much risk.

​ Was this Helpful? YES  NO 9 people found this helpful.

In the early twentieth century, major department stores began to offer amortization-based loans on their products to attract lower and middle class customers who previously thought that the products were out of their price range.

​ Was this Helpful? YES  NO 10 people found this helpful.

Show more usage examples...

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
amortized value net cash flow