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WordNet-Online
Definitions from WordNet
Verb amortize has 1 sense
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Definitions from the WebTerm: AmortizingDescription:Amortizing refers to the process of gradually reducing or paying off a debt, usually through regular payments over a specified period of time. It involves both the principal amount and the interest accrued on the debt. Senses and Usages:Sense 1 - Verb (Present Participle)When used as a verb in the present participle form, amortizing describes the action of making regular payments towards reducing a debt. Example sentence 1: The borrower is amortizing their mortgage over a span of 30 years. Example sentence 2: He is slowly amortizing the loan by paying monthly installments. Sense 2 - AdjectiveWhen used as an adjective, amortizing describes something related to the process of gradually reducing or paying off a debt. Example sentence 1: The amortizing schedule shows the monthly payments required to pay off the loan. Example sentence 2: It is advisable to choose an amortizing loan to ensure steady repayment of the debt. Related Products:Explore related products: | |||||
amorphus amort amortisation amortise amortising amortization amortize amortized amortizing amortphobia amos amotivation amount amount of money amount to amount to nothing amounted
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