closed bracket.
what should be said.
Definition: Amortize means to make or reduce debts into interest, typically as part of a larger sum. Definition: To reduce expenses by taking out more money at the same time or by using borrowed funds for more purposes. Used in financial contexts to help with long-term debt repayment strategies.
Definition: "Amortize," in Christian Bible, means to make up for or compensate for a debt, especially one that's incurred. It pertains to an accumulation of debts over time, with each repayment being amortized according to its contribution, reducing total debt burdens.
Definition: In the Bible, "Amortization" refers to the repayment of debts or obligations through continued reliance on a person's income or assets rather than payment at maturity. This approach helps in reducing the amount owed over time. For instance, one might borrow money but pay back interest over several years to avoid paying more upfront. The word originates from Latin "amortis," which means "to carry" or "to bear." In biblical context, it's often used with phrases like "paying off the debt," implying a long-term repayment plan rather than quick cash flow.
Definition: The word 'amortizes' refers to something that benefits a larger quantity over time rather than growing in value or worth. A more accurate explanation might be: The process by which the cost, expense, loss, etc. of an investment, loan, or debt is reduced over time and thus reduces its overall value, making it appear less valuable to the holder.