What is Amortization?
1.
1. the reduction of the value of an asset by prorating its cost over a period of years
2. payment of an obligation in a series of installments or transfers
The amortization table indicates how many payments must be made before the vehicle is paid in full.
See
Random Words:
1.
a VCR. Used mainly when talking to people who are extolling the virtues of TeVo.
Oh, yeah? I can record The Bachelor, watch it whenev..