AMORTISSEUR
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MORTGAGE PAYMENT The term "amortisseur" is French, and it translates to "shock absorber" or "mortgage payment." In the context of finance, an amortissement refers to the process of gradually reducing debt through regular mortgage payments. These payments consist of both principal and interest, with a portion of each payment going towards reducing the outstanding loan balance over time. This gradual reduction of debt is what makes the mortgage payment process an effective way to manage and eventually eliminate home loan debt.
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