amortization
Meaning
The process of paying off a debt over time through regular payments. (ঋণের সুদ ও মূল পরিশোধের প্রক্রিয়া)
Pronunciation
অ্যামর্টাইজেশন (æ'marṭājēṣan)
Synonyms
repayment, discharge, settlement, liquidation, repurchase, payback, financing, settle
Synonyms
His monthly repayment was higher than expected.
The loan was discharged after the full amortization.
The settlement of debts requires careful planning.
The company underwent liquidation to repay its debts.
Repurchase of bonds helps in amortization.
The payback period for this loan is five years.
Financing options can aid in amortization.
It's time to settle all the accounts.
Antonyms
She struggled to get out of her debt.
His obligation increased with each payment delay.
He risked defaulting on the loan.
A missed payment can affect your credit score.
His indebtedness was overwhelming.
Every obligation costs you in terms of debt.
The threat of foreclosure loomed over unpaid mortgages.
He was declared bankrupt after defaults on his loans.
Phrases
You can start amortization after the loan is approved.
Review your amortization schedule regularly.
Full amortization helps in closing the loan effectively.
To reduce amortization, increase your payments.
It's essential to calculate amortization before taking a loan.