"Shorter amortization" refers to a shorter period of time in which you repay a loan or debt. It means you will need to make less monthly payments or pay off the entire loan amount sooner. Full definition
A local bank, on the other hand, typically requires shorter amortization periods. (corevestfinance.com)
With this option, the amount of money you save in interest payments over your amortization period is negligible, unless of course you have a significantly shorter amortization period that usual. (loanbox.ca)
These interim acquisition and construction loans often have relatively high interest rates and short amortization periods. (greenpath.com)