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.
1) (n) A military term. The business end of a firing range. Where all the ordnance fired, lobbed, dropped or planted does it's work..
