amortization

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amortization,

n a generic term that includes various specific practices, such as depreciation, depletion, write-off of intangibles, prepaid expenses, and deferred charges.
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The nine-year equity loan amortizes on a 30-year schedule.
Although the final maturity of this series is still in 2007 as under the original terms, more principal (US$145 million) is scheduled to amortize in 2007 than was originally scheduled (US$11 million).
This 10-year refinance loan amortizes on a 30-year schedule.
Colonial Square Cooperative, Ann Arbor MI - 427-unit complex received a five-year $1,750,000 Fannie Mae DUS Market Rate Co-op loan which amortizes on a 5-year schedule.