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Amortization vs Instalment - What's the difference?

amortization | instalment |

As nouns the difference between amortization and instalment

is that amortization is the reduction of loan principal over a series of payments while instalment is (british|canadian).

amortization

English

Alternative forms

* (UK) amortisation

Noun

  • 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.

    • See also

    * depreciation (of tangible assets) * depletion (of natural resources) * * * (projectlink) * (projectlink)

    instalment

    English

    Noun

    (en noun)
  • (British, Canadian)
    • * (English Citations of "instalment")

    Usage notes

    * Both spellings common in Commonwealth countries outside the UK. * US prefers installment.