Question about Raymarine Ds500x Color Fishfinder: Ds500x Color Fishfinder With Bronze Thru Hull Transducer
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Posted on Jan 02, 2017
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Aug 29, 2013 | Finance
The process of paying off a loan through specifically structured periodic payments is known as amortization. Amortized loans are different from other loans due to the way the amount and the structure of each payment is determined.
mortgage payments are a common form of amortized loans, and interestingly enough, both the term mortgage and the termamortization find their meaning in the same root word "mort." This term means to deaden or kill, as in to "kill off" or eliminate the loan a bit at a time, via regular payments.
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