The running down or payment of a loan by instalments. An
example is a repayment mortgage on a house, which is amor-
tised by making monthly payments that over a pre-agreed
period of time cover the value of the loan plus interest . With
loans that are not amortised, the borrower pays only interest
during the period of the loan and then repays the sum bor-
rowed in full
example is a repayment mortgage on a house, which is amor-
tised by making monthly payments that over a pre-agreed
period of time cover the value of the loan plus interest . With
loans that are not amortised, the borrower pays only interest
during the period of the loan and then repays the sum bor-
rowed in full
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