the.com/amortization
Debt's slow bleed, disguised as a schedule so orderly it feels like virtue.
means The practice of paying off a debt or spreading the cost of an asset over time through regular, scheduled installments.
from From Old French 'amortir' (to deaden or kill off), itself rooted in Latin 'ad-' (to) plus 'mors/mort-' (death). The word originally meant to extinguish or kill a debt outright — medieval legal Latin 'admortizare' described transferring land to a corporate body (like a church), where it became legally 'dead' and could never change hands again. Over centuries the sense softened from one grim death to a slow, metered one: not debt killed in a single stroke, but bled out in installments, line by line on a schedule.
- early payments
- mostly interest, barely dent the principal
- etymology
- from latin for killing something slowly
- vs depreciation
- same math, but for intangible assets
- psychology trick
- equal payments hide the shrinking interest share