The Book of Banking Jargon

Amortisation

The required periodic repayment in instalments of portions of the principal of a (term) loan prior to their final maturity. Repayment instalments will typically either be in equal instalments or feature a balloon payment.
 
In accounting speak, amortisation follows the  same concept as depreciation, except that intangible assets are amortised and tangible assets are depreciated.

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