amortization C2 Topic:Personal Finance US /ˌæmɚtəˈzeɪʃən/ UK /əˌmɔːtəˈzeɪʃən/ See IPA manual Meanings 1 noun the gradual repayment of a loan's principal through a planned series of payments The loan's amortization schedule showed how each payment gradually reduced the principal balance. Etymology Related to Anglo-French forms of amortir, originally meaning to bring to an end, ultimately from Latin mors, meaning death. Topics Personal Finance External links Google Images Cambridge Dictionary Wiktionary # amortization **Type:** Word **Level:** C2 **Part of speech:** noun **IPA (US):** /ˌæmɚtəˈzeɪʃən/ **IPA (UK):** /əˌmɔːtəˈzeɪʃən/ ## Meanings 1. the gradual repayment of a loan's principal through a planned series of payments ## Examples - The loan's amortization schedule showed how each payment gradually reduced the principal balance. ## Etymology Related to Anglo-French forms of amortir, originally meaning to bring to an end, ultimately from Latin mors, meaning death. ## Topics - Personal Finance markdown