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
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
21 December 2024
(noun) a forest fire fighter who is sent to battle remote and severe forest fires (often for days at a time)
The Boston Tea Party helped popularize coffee in America. The hefty tea tax imposed on the colonies in 1773 resulted in America switching from tea to coffee. In the lead up to the Revolutionary War, it became patriotic to sip java instead of tea. The Civil War made the drink more pervasive. Coffee helped energize tired troops, and drinking it became an expression of freedom.
