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amortization

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Amortization refers to the process of setting aside money to pay off a debt over time. (noun)

The yearly premium for car insurance divided into monthly payments is an example of amortization.

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See amortization in Webster's New World College Dictionary

See amortization in American Heritage Dictionary 4

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amortization (business)

amortization (Culture)

amortization (investment)

amortization schedule