Annuity vs. Amortization
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 .
