What Is 'amortization'?

1.	What Is 'amortization'?
Answer» The REPAYMENT of the LOAN by instalment to COVER principal amount with INTEREST is known as 'Amortization'. The repayment of the loan by instalment to cover principal amount with interest is known as 'Amortization'.

Answer»

The REPAYMENT of the LOAN by instalment to COVER principal amount with INTEREST is known as 'Amortization'.

The repayment of the loan by instalment to cover principal amount with interest is known as 'Amortization'.

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