Correct spellings for AMMORTISATION
- amortization The mortgage loan has a monthly amortization schedule to repay the principal and interest over a period of 30 years.
A common misspelling, "ammortisation", should be corrected to "amortization". This correction involves switching the double 'm' to 'r,' making it more accurate. In finance, amortization refers to the gradual reduction of debt over a specific period. It is essential to use the correct spelling when discussing financial matters.
