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amortize
(redirected from amortized)

   Also found in: Dictionary/thesaurus, Legal, Encyclopedia, Wikipedia 0.01 sec.
amortize
To write off gradually and systematically a given amount of money within a specific number of time periods. For example, an accountant amortizes the cost of a long-term asset by deducting a portion of that cost against income in each period. Likewise, an investor will usually amortize the premium each year on a bond purchased at a price above its principal.


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Also known as amortized mortgages, these loan types are the basic loan you will encounter.
To the extent that a pension plan has a solvency deficiency at the time an actuarial valuation is filed, the existing rules in Ontario require that such deficiency be amortized over a period of five years.
30-year amortized: This matches the monthly payment of a mortgage amortized over 30 years at your current interest rate.
 
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