Amortize

To pay off a borrowed sum and interestThis is the amount that is imposed when payment is remitted after the due date. in installments. Many loans will require the installments to be made in equal amounts.

Amortize

To reduce a debtThat which is due from one person or another; obligation, liability. by regular payments of both principalThis term is used to mean the employer of an agent; or the amount of money borrowed, or the amount of and interestThis is the amount that is imposed when payment is remitted after the due date..

Amortize

To repay a debtThat which is due from one person or another; obligation, liability. through a series of periodic payments.