Amortization vs Installment - What's the difference?
amortization | installment |
The reduction of loan principal over a series of payments.
The distribution of the cost of an intangible asset, such as an intellectual property right, over the projected useful life of the asset.
The act of installing; installation.
(obsolete) The seat in which one is placed.
A portion of a debt, or sum of money, which is divided into portions that are made payable at different times. Payment by installment is payment by parts at different times, the amounts and times (often equal namely regular, e.g. mensual) being often definitely stipulated.
a part of a broadcast or published serial.
anything that is performed in parts, spread in time
As nouns the difference between amortization and installment
is that amortization is the reduction of loan principal over a series of payments while installment is the act of installing; installation.amortization
English
Alternative forms
* (UK) amortisationNoun
See also
* depreciation (of tangible assets) * depletion (of natural resources) * * * (projectlink) * (projectlink)installment
English
Alternative forms
* instalment (Commonwealth)Etymology 1
From install, itself from (etyl) installer, from installare, from (etyl) in- + ML stallum 'stall' (from Germanic stal, see below)Noun
(en noun)- Take oaths from all kings and magistrates at their installment , to do impartial justice by law. Milton.
- The several chairs of order, look, you scour; . . . Each fair installment , coat, and several crest With loyal blazon, evermore be blest. Shakespeare.
