Healthcare and Clinic Financing: Dental, Medical, and Wellness Practices
Funding options for clinics and practices: medical and dental equipment, renovations, practice acquisition, and cash flow between insurance payments.
· 3 min read
DEFINITION
Amortization is the process of repaying a loan through scheduled payments that cover both interest and principal over the loan term.
Early payments on an amortizing loan go mostly toward interest; later payments go mostly toward principal. An amortization schedule shows the breakdown of every payment.
Related terms
Guides that explain it further
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