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
Recent Word Finds
Word of the Day
23 January 2025
LEFT
(adjective) being or located on or directed toward the side of the body to the west when facing north; “my left hand”; “left center field”; “the left bank of a river is bank on your left side when you are facing downstream”
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