amortization

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Tags: loans

Finance: Gradual repayment of a loan in equal (or nearly equal) installments which include portions of interest and principal amounts.
Accounting: Depreciation. The term reflect reduction in the book value of the asset due to usage and/or obsolescence,
(Read more: http://www.businessdictionary.com/definition/amortization.html#ixzz3HzvSLAOh)

Read more: http://www.businessdictionary.com/definition/amortization.html#ixzz3Hzuw2Bm4

Synonyms:
loan amortization, book depreciation
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