Amortization, Glossary and Terms, Depository Institutions & Credit Unions
List of United States Depository Institutions, Credit Unions, Guide Service
"Amortization" - Depository Glossary Terms and Abbreviations
The gradual reduction of a debt by periodic payments large enough to meet current interest payments and to repay the principal at maturity. The loan is repaid through regular, monthly payments of principal and interest paid for a pre-determined amount of time.