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The process of paying off debt over time in regular installment of interest & principal sufficient to repay the loan in fully by its maturity date.

/ Accounting MCQs / Q&A / By
The process of paying off debt over time in regular installment of interest & principal sufficient to repay the loan in fully by its maturity date.A. Amortization
B. Loan Payment
C. Liability
D. Securitization