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

18 April 2025

GROIN

(noun) the crease at the junction of the inner part of the thigh with the trunk together with the adjacent region and often including the external genitals


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Coffee Trivia

Contrary to popular belief, coffee beans are not technically beans. They are referred to as such because of their resemblance to legumes. A coffee bean is a seed of the Coffea plant and the source for coffee. It is the pit inside the red or purple fruit, often referred to as a cherry. Just like ordinary cherries, the coffee fruit is also a so-called stone fruit.

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