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Amortization Tools

Amortization Tools is a weblog offering important info about financial facts and also definitions and explanations like “What does ‘Amortization’ mean? Amortization refers at the process of paying off a debt (often from a loan or mortgage) over time through regular payments. A portion of each payment is for interest while the remaining amount is applied towards the principal balance. The percentage of interest versus principal in each payment is determined in an amortization schedule.”