Amortization is the process of gradually paying off a debt through regular, scheduled payments that reduce both principal and interest over time. In accounting and finance, it also refers to systematically expensing the cost of an intangible asset or loan-related charges. The term emphasizes reduction of outstanding balance to reflect time value and cost allocation.
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1:12Accessory
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0:58Amenity
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1:06Amortization
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0:57Aperture
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0:57Appraisal
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1:00Architrave
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0:54Attic
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0:57Balcony
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1:01Balustrade
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0:55Bearing
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