English / word
amortization
noun C2MEANING IN ENGLISH
The action or process of gradually writing off the initial cost of an asset or paying off a debt through installments.
In context
01
The amortization schedule showed a 10-year repayment plan.
02
Smart amortization prevents financial strain.
Synonyms
debt repayment,debt reduction,depreciation
Antonyms
debt accumulation,borrowing
Collocations
amortization schedule,amortization period,loan amortization