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    #1

    a verb meaning to pay off a loan gradually

    I am not sure if I am using any of the verbs in red correctly.

    (ex) Today, I am taking out a loan in my bank. If I put $200 back to (or put $200 toward or contribute $200 to) my loan every month, I will clear it in two years.


    Could someone please explain this to me? Thank you so much for your help.

  1. Tarheel's Avatar
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    #2

    Re: a verb meaning to pay off a loan gradually

    You might be trying to think of amortize. (You get a loan from the bank.)

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    #3

    Re: a verb meaning to pay off a loan gradually

    That certainly answers the thread title, but the OP might prefer 'to pay off the loan in monthly instalments'.

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