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amortize

   Also found in: Dictionary/thesaurus, Medical, Financial, Encyclopedia, Wikipedia 0.01 sec.
See: discharge


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The 10-year loan amortizes on a 30-year schedule and carries a note rate of 5.
After the initial period expires, the mortgage switches to a payment that starts to amortize the principal.
Regulations require a taxpayer to file an election to amortize start-up expenditures no later than the due date for the tax year in which the trade or business begins.
 
 
 
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