What Does Amortization Mean?

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What does Amortization mean? Read on to discover the definition & meaning of the term Amortization - to help you better understand the language used in insurance policies.

Amortization

Amortization

Amortization is the timeline made for paying loans which would cover both the principal amount and the interest rates. It also refers to the length of time that an asset can generate income for business.

We hope the you have a better understanding of the meaning of Amortization.

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