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 is amortization and how does it work?
Amortisation - What is amortization and how does it work?
Amortization is the process of spreading out a loan into a series of fixed payments. The loan is paid off at the end of the payment schedule. Some of each payment goes towards interest costs and some goes toward your loan balance. Over time, you pay less in interest and more toward your balance.