The method of paying off a loan through which a portion of each payment goes to the principal and a portion to interest with the interest portion declining and the principal portion increasing each month as the debt is paid down is called

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This method is called amortization. It is a common method used for paying off loans, such as mortgages, car loans, and student loans, where each payment is split between paying down the principal and paying interest. As the debt is paid down, the amount of interest owed decreases, and the amount of principal paid increases, until the loan is fully paid off. Acceleration refers to paying off a loan faster than the original payment schedule, garnishment is a legal process for collecting debts, and leasing is a type of rental agreement for an asset.

The Method of Paying Off a Loan Through Which a Portion