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Amortization
AMORTIZATION

Definition: (business) The act of paying back a debt by making small regular payments over a period of time.
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* All six elements should be in.


1. Purposeful and necessary (to emphasize).

2. The debt sum is specific and identifiable; measurable and/or assessable; real or realistic.

3. Arrangement or agreement was negotiated before start of repayment.

4. No default in making a remittance by debtor, however long act - repayment - is designed and agreed to continue. (Connect to #5.)

5. No possibility of a legislation or an injunction being used to delay, suspend, review, etc. a continuation of due payment(s).

6. Act will achieve goal(s), for both the debtor and creditor.
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* SENSIBLE AND/OR REASONABLE. (See perfect REPAYMENT (1). / See perfect AMASSING.)

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