This is a very interesting word. The word, "amort," comes from the Latin root, "mort,"
meaning death... Like in the word, "mortuary" or "mortality."
Every time you make a mortgage payment, your loan is amortized, and your debts get closer to its grave.
You track your payments nad diminishing debt on an amortization schedule.
A timetable that shows how each payment is applied to principle and interest, and the remaining balance on the loan.
