amortisation
Meaning
The process of gradually reducing a debt over a period of time through regular payments. (ঋণ পরিশোধের প্রক্রিয়া)
Pronunciation
এমরটাইজেশন (ēmraṭā'ijēṣan)
Synonyms
repayment, discharge, settlement, amortization schedule, debt reduction, liquidation, amortizing loan, depreciation
Synonyms
The monthly repayment plan was manageable for him.
He was able to discharge his loan quickly.
The settlement of debts was completed on time.
The bank provided an amortization schedule for the mortgage.
His primary goal was debt reduction.
The liquidation of assets helped to pay off the debts.
An amortizing loan requires regular payments.
Depreciation is also accounted during amortization.
Antonyms
Accumulation of debt can lead to financial problems.
Indebtedness can cause stress for families.
To borrow is the opposite of amortising.
To incur debt is not preferred when amortising.
Increasing the principal amount will slow down amortisation.
To accumulate interest means not to amortise.
Deferral of payments extends the amortisation period.
Accrual of interest may diverge from amortisation.
Phrases
He reviewed the amortization schedule before refinancing.
The fixed amortization plan is good for budgeting.
Accelerated amortization will reduce overall interest.
Using an amortization calculator helps plan payments.
The first amortization can be daunting.