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Usenet Posted 22 years ago
Usage

Is there really such a word as "amortization"

I decided to use the http://www-lexikon.nada.kth.se/skolverket/sve-eng.shtml web page to look up the Swedish / Norwegian word "amortering" to English. An "amortering" is what you get from the bank when you buy a house. The bank lends you the money and you pay back interest for the rest of your life.

According to the Royal Technical High-School "amortering" is defined as:

"Repayment by instalments, amortization; payment, instalment".

So what the heck happened to "mortgage"? Is mortgage still a valid English word? Do Americans use another word instead of mortgage?

Regards H

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Top answer

shtml web page to look up the Swedish / Norwegian word "amortering" to English. An ... the heck happened to "mortgage"?

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38 Answers
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[nq:1]I decided to use the http://www-lexikon.nada.kth.se/skolverket/sve-eng.shtml web page to look up the Swedish / Norwegian word "amortering" to English. An ... the heck happened to "mortgage"? Is mortgage still a valid English word? Do Americans use another word instead of mortga
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[nq:2]I decided to use the http://www-lexikon.nada.kth.se/skolverket/sve-eng.shtml web page to look ... English word? Do Americans use another word instead of mortgage?[/nq]
[nq:1]"Mortgage" is still a valid and common English word. "Amortering" is not an English word. "Amortiza
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[nq:1]I decided to use the http://www-lexikon.nada.kth.se/skolverket/sve-eng.shtml web page to look up the Swedish / Norwegian word "amortering" to English. An ... the heck happened to "mortgage"? Is mortgage still a valid English word? Do Americans use another word instead of mortga
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[nq:2]I decided to use the http://www-lexikon.nada.kth.se/skolverket/sve-eng.shtml web page to look ... According to the Royal Technical High-School "amortering" is defined as:[/nq]
KTH (Royal Institute of Technology) is not a "High-School". It is a technical university.
[nq
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[nq:1]KTH (Royal Institute of Technology) is not a "High-School". It is a technical university.[/nq]
Hi Lars,
At long last, someone who can explain to me. I have been looking for someone like you for ages.
If "Högskolan" is university, then what is "Gymnasium"?
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[nq:2]I decided to use the http://www-lexikon.nada.kth.se/skolverket/sve-eng.shtml web page to look ... English word? Do Americans use another word instead of mortgage?[/nq]
[nq:1]"Mortgage" is still a valid and common English word. "Amortering" is not an English word. "Amortiza
0
[nq:1]I decided to use the http://www-lexikon.nada.kth.se/skolverket/sve-eng.shtml web page to look up the Swedish / Norwegian word "amortering" to English. An ... the heck happened to "mortgage"? Is mortgage still a valid English word? Do Americans use another word instead of mortga
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[nq:1]as:[/nq]
[nq:2]KTH (Royal Institute of Technology) is not a "High-School". It is a technical university.[/nq]
[nq:1]Hi Lars, At long last, someone who can explain to me. I have been looking for someone like you for ages. If "Högskolan" is university, then what is "Gymnasium"?[/nq]
Most Swedish universities are called "universitet", but "högskola" is on the same level, although mo
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There are also 'balloon' mortgages in which
[nq:1]you a)pay only interest for a number of years and then b) a lump sum of capital repayment comes due. I guess these work well if you are planning to move home before b) or planning to inherit money sometime soon.[/nq]
These mortgages used to be common in England. You would take out an endowment insurance policy to pay off the principal of th