Also means
loan repayment
Usage Note
Amortización is the financial term for spreading the cost of an asset over its useful life (depreciation) or paying off a debt in instalments. The related verb is amortizar. In Spain and Latin America it appears in tax filings, mortgage contracts, and accounting reports; a learner is most likely to encounter it in financial news.
Examples
"La amortización del préstamo dura veinte años."
Natural Translation
The repayment of the loan lasts twenty years.

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