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

Do you know this game?

Wordscapes is a popular word game consistently in the top charts of both Google Play Store and Apple App Store. The Android version has more than 10 million installs. This guide will help you get more coins in less than two minutes of playing the game. Continue reading Wordscapes: Get More Coins