The process of paying off debt over time in regular installment of interest & principal sufficient to repay the loan in fully by its maturity date.

Academy of PakistanTest & Learning

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Academy of PakistanTest & Learning

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225AccountingMedium

ALoan Payment

BSecuritization

CAmortization

DLiability

Correct answer

C. Amortization

Explanation

Amortization is the correct answer. Review the question and compare it with the other choices to remember this fact for future exams.

The process of paying off debt over time in regular installment of interest & principal sufficient to repay the loan in fully by its maturity date. - Answer and Explanation | Academy of Pakistan