Amortization
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An Amortization is an obligation repayment over time and in accordance with a pre-determined payment schedule.
References
2016
- (Wikipedia, 2016) ⇒ https://en.wikipedia.org/wiki/amortization Retrieved:2016-10-5.
- Amortization (or amortisation ; see spelling differences) is the process of reducing, or accounting for, an amount (usually a financial debt) over a period according to a plan. The word comes from Middle English amortisen to kill, alienate in mortmain, from Anglo-French amorteser, alteration of amortir, from Vulgar Latin admortire "to kill", from Latin ad- and mort-, "death".
- (City Council of Barnstable, 2016b) ⇒ Town of Barnstable. (2016). “Town of Barnstable Adopted Operating Budget - 2017."
- QUOTE: Amortization: The gradual repayment of an obligation over time and in accordance with a pre-determined payment schedule.