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Finance Dictionary and Glossary of Investment Terms
The repayment of a loan by installments.
1. The paying off of debt in regular installments over a period of time. 2. The deduction of capital expenses over a specific period of time. Similar to depreciation, it is a method of measuring the "consumption" of the value of long-term assets like equipment or buildings.
A plan that enables a borrower to pay off a debt, such as a mortgage, gradually through periodic payments of principal and interest.