amorterer
Amorterer is a term that originates from the French word "amortir," meaning to extinguish or pay off. In finance, it refers to the gradual repayment of a debt, such as a mortgage or loan, over a period of time. Amortization involves making regular payments that cover both the principal amount borrowed and the interest accrued on that principal.
The process of amortization is typically structured with an amortization schedule. This schedule outlines the amount
Different types of amortization exist, depending on the loan terms. Common methods include straight-line amortization, where