AMORTIZATION

amortization, amortisation

(noun) payment of an obligation in a series of installments or transfers

amortization, amortisation

(noun) the reduction of the value of an asset by prorating its cost over a period of years

Source: WordNet® 3.1


Etymology

Noun

amortization (countable and uncountable, plural amortizations)

The reduction of loan principal over a series of payments.

The distribution of the cost of an intangible asset, such as an intellectual property right, over the projected useful life of the asset.

Source: Wiktionary


A*mor`ti*za"tion, n. Etym: [LL. amortisatio, admortizatio. See Amortize, and cf. Admortization.]

1. (Law)

Definition: The act or right of alienating lands to a corporation, which was considered formerly as transferring them to dead hands, or in mortmain.

2. The extinction of a debt, usually by means of a sinking fund; also, the money thus paid. Simmonds.

Source: Webster’s Unabridged Dictionary 1913 Edition



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Word of the Day

12 March 2025

BUDGERIGAR

(noun) small Australian parakeet usually light green with black and yellow markings in the wild but bred in many colors


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