Definition of Amortize from the PharmacyDictionary.in

Amortize

Synonyms or meaning of Amortize

Amortization refers to the systematic process of gradually reducing a debt through a structured payment plan. This method is commonly used in scenarios such as paying off a mortgage or depreciating a durable business asset. By following an amortization schedule, the debt or value of an asset is reduced over a specified period, ultimately leading to its complete payoff or depreciation.

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