#debt relief

• Amortizable — Eligible to be amortized or depreciated; a tangible or intangible fixed asset whose value depreciates over time and must be recovered gradually by recording it as an expense. In a banking context, it applies to loans or debts that can be extinguished through scheduled periodic payments.
• Amortization (archaic) — A linguistic transition form from the 19th century, heavily influenced by the French etymon, used to designate amortization; the gradual, phased, and systematic extinguishment of a financial obligation, a loan, or the settlement of fixed asset values. It is a common graphic and phonetic variant in early commercial codes and royal decrees.