Annuity vs. Amortization

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Annuitynoun

A right to receive amounts of money regularly over a certain fixed period, in perpetuity, or, especially, over the remaining life or lives of one or more beneficiaries.

Annuitynoun

A sum of money, payable yearly, to continue for a given number of years, for life, or forever; an annual allowance.

Annuitynoun

income from capital investment paid in a series of regular payments;

Annuity

An annuity is a series of payments made at equal intervals. Examples of annuities are regular deposits to a savings account, monthly home mortgage payments, monthly insurance payments and pension payments.

Amortizationnoun

The reduction of loan principal over a series of payments.

Amortizationnoun

The distribution of the cost of an intangible asset, such as an intellectual property right, over the projected useful life of the asset.

Amortizationnoun

The act or right of alienating lands to a corporation, which was considered formerly as transferring them to dead hands, or in mortmain.

Amortizationnoun

The extinction of a debt, usually by means of a sinking fund; also, the money thus paid.

Amortizationnoun

the reduction of the value of an asset by prorating its cost over a period of years

Amortizationnoun

payment of an obligation in a series of installments or transfers

Amortization

Amortization (or amortisation; see spelling differences) is paying off an amount owed over time by making planned, incremental payments of principal and interest. To amortise a loan means .

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