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Web what does it mean to amortize a mortgage? Bring a loan to an end. Web amortization is an accounting technique used to periodically lower the book value of a loan or an intangible asset over a set period of time. In this article, this topic has been explained in. Amortization is a way to pay off debt in equal installments that include varying amounts of interest and principal payments over the life. This is often referred to as. To pay off (an obligation, such as a mortgage) gradually usually by periodic payments of principal and interest or by payments to a. When applied to an asset, amortization is similar to depreciation. Web what does it mean to amortize a property? An amortized loan is defined as, a type of loan or debt financing that is paid back to the lender within a specified time.
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