amortization
noun/ˌæmərˌtɪˈzeɪʃən/
Frequency rank: #13,402 of 20,003 in the WORDED list (wordfreq data)
Meaning
The process of gradually paying off a debt through regular payments over a set period of time.
Example sentence
The bank provided a detailed schedule showing the amortization of the loan over thirty years.
Synonyms & related words
More words in ranks 13,401–13,500
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