Amortization is the gradual repayment of a debt over a set period of time. Examples include a monthly mortgage payment, student loan, or a credit card balance. In order to amortize a loan, your ...

If you have ever had to pay back a loan, you have already experienced amortization. When you get a loan, the lender spreads out your repayment amount over a series of fixed payments. Once you finish ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...