Enterprise glossary and term center
Research and understand all the intricate terms and definitions that surround the ecosystem of enterprise resource planning (ERP), enterprise software and no-code tools.
- Enterprise terms
- What do you mean by amortization?
Amortisation - What do you mean by amortization?
Amortization can refer to the process of paying off debt over time in regular installments of interest and principal sufficient to repay the loan in full by its maturity date. ... The amount of principal due in a given month is the total monthly payment (a flat amount) minus the interest payment for that month.