Amortization

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".

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