Amortizations Meaning in Bengali
Amortizations, এমর্টিজেশনস, is a noun that refers to the process of gradually paying off a debt or loan through regular payments over a specific period of time.
Pronunciation of Amortizations:
Amortizations is pronounced as /əˌmɔːrtɪˈzeɪʃənz/.
Nearby Words:
- Amortize (verb) – আবাদ করা, পরিশোধ করা
- Amortizable (adjective) – আবাদযোগ্য
- Amortization Schedule (noun) – আবাদক্রম সূচি
Amortizations Synonyms:
- Repayment – পরিশোধ
- Settlement – পরিশোধ
- Clearance – পরিশোধ
- Liquidation – পরিশোধ
- Discharge – পরিশোধ
Description:
Amortizations refer to the gradual repayment of a debt or loan through regular payments over a specific period of time. It allows borrowers to spread out the cost of a loan, making it more manageable. This process involves dividing the total amount borrowed into equal installments, which include both principal and interest. Amortizations are commonly used in mortgages, car loans, and other long-term loans. By making regular payments, borrowers reduce their outstanding balance and gradually become debt-free. Understanding the concept of amortizations is crucial for individuals and businesses to effectively manage their financial obligations.
Antonyms:
- Debt Increase – ঋণ বৃদ্ধি
- Loan Expansion – ঋণ বৃদ্ধি
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