Amortization debt is defined as:

A) paid as a lump sum at the end of a loan.
B) repaid principal over the life of the loan.
C) the death of a loan.
D) repaid in a lump sum at the beginning of a loan.

Amortization Debt

A loan repayment plan in which the borrower pays both interest and principal over time, gradually reducing the outstanding balance.

Loan

A sum of money that is borrowed, typically from a financial institution, which is expected to be paid back with interest.