Amortization

Defining Financial Terms - Amortization

Amortization is an accounting method which periodically lowers the book value of a loan or an intangible asset over a set period of time. Regarding loans, amortization focuses on spreading out loan payments over time.

Financial terms can be confusing, and it can be difficult to know how they apply to you and your specific situation. Please reach out any time we can help you learn more and strategically plan to optimize your retirement planning.

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