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Metal Fabricating Glossary


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amortize

 noun


Definitions

  1. An accounting term to denote a gradual reduction in debt by systematically paying a part of the principal and the interest over a period of time. A mortgage is an example of an amortized debt.

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Leaning on the turret punch press


If you have any comments or questions about the glossary, please contact Dan Davis, editor-in-chief of The Fabricator.