What is another word for amortizing?
Pronunciation: [ɐmˈɔːta͡ɪzɪŋ] (IPA) 
Amortization is a financial term used to describe the process of paying off a loan or debt over a certain period of time through fixed payments. Synonyms for the word amortizing include, but are not limited to, amortization schedule, repayment plan, installment plan, pay-down method, payment plan, and reducing balance. These terms all describe the same process of gradual repayment of a debt, and are used interchangeably in the financial industry. The use of these synonyms is important for clarity and precision in financial communication, as different terms may be used in different contexts or by different financial institutions.
