Amortization

Proximo: I want my money back

Our Man Finn Says

Not quite sure if we're getting a handle on the term "amortisation".

Basically, this is about paying something off over a period of time as opposed to a straight-out cash payment. You go to the shops and buy a new coat; if it cost say 100 quid you can pay the 100 quid or amortise the purchase over say 10 monthly payments of 10 quid - ge…