amortization
🇺🇸
/ˌæmərtəˈzeɪʃn/
🇬🇧
/əˌmɔːtaɪˈzeɪʃn/
noun
R
The process of gradually paying off a loan or debt over time through regular payments.
The bank offered a loan with a 30-year amortization period, which made it more affordable for us.
translation
The process of gradually paying off a loan or debt over time through regular payments.
Word Forms
Plural
amortizations