The process of gradually paying off a debt, such as a loan or mortgage, through regular payments of principal and interest over time. Amortization schedules are used to track the repayment of debt and allocate payments between principal and interest
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The process of gradually paying off a debt, such as a loan or mortgage, through regular payments of principal and interest over time. Amortization schedules are used to track the repayment of debt and allocate payments between principal and interest