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What does amortizing mean?

Updated: 9/15/2023
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15y ago

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To amortize means to wipe out a debt gradually or in instalments, or, more generally, to permanently alienate.

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9y ago
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15y ago

To spread out over a period of time, such as a loan period for repayment. A standard car loan may be amoritized for 5 years (60 months). A house is anywhere from 10-30 years + (360 months)

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11y ago

it means amor

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