Amortization refers to the process in which a large proportion of the early payments of an installment loan goes to cover interest,and the later payments have a larger proportion going towards the payment of principal.

Name: Amortization refers to the process in which a large proportion of the early payments of an installment loan goes to cover interest,and the later payments have a larger proportion going towards the payment of principal.
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This is the definition of amortization.

Amortization Refers to the Process in Which a Large Proportion