Redeem vs Amortization - What's the difference?
redeem | amortization |
To recover ownership of something by buying it back.
To liberate by payment of a ransom.
To set free by force.
To save, rescue
To clear, release from debt or blame
To expiate, atone (for ...)
(finance) To convert (some bond or security) into cash
To save from a state of sin (and from its consequences).
To repair, restore
To reform, change (for the better)
To restore the reputation or honour of oneself or something.
(archaic) To reclaim
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.
