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Definition of Amortization
1. Noun. The reduction of the value of an asset by prorating its cost over a period of years.
2. Noun. Payment of an obligation in a series of installments or transfers.
Generic synonyms: Defrayal, Defrayment, Payment
Derivative terms: Amortise, Amortize
Definition of Amortization
1. n. The act or right of alienating lands to a corporation, which was considered formerly as transferring them to dead hands, or in mortmain.
Definition of Amortization
1. Noun. The reduction of loan principle over a series of payments. ¹
2. Noun. The distribution of the cost of an intangible asset, such as an intellectual property right, over the projected useful life of the asset. ¹
¹ Source: wiktionary.com
Definition of Amortization
1. [n -S]
Lexicographical Neighbors of Amortization
Literary usage of Amortization
Below you will find example usage of this term as found in modern and/or classical literature:
1. Forest Owners' Guide to the Federal Income Tax by William C. Siegel, William L. Hoover, Harry L. Haney, Jr., Karen Liu (1996)
"Expenditures for timber stand improvement (TSI) practices in established stands
do not qualify for the amortization and tax credit. ..."
2. Valuation, Depreciation and the Rate-base by Carl Ewald Grunsky (1916)
"EXPLANATION OP TABLE 27 Amortization AND DEPRECIATION Definitions of amortization
and depreciation have already been given Table 27 is an amortization table ..."
3. Municipal Franchises: A Description of the Terms and Conditions Upon which by Delos Franklin Wilcox (1911)
"Amortization of capital.—In any franchise settlement, after the capital value
has been hammered down to the lowest practicable figure, the next thing to be ..."
4. The Mathematical Theory of Investment by Ernest Brown Skinner (1913)
"The amortization of the premium on a bond bought above par. When a bond which is
to be redeemed at par is bought at a premium, some provision must be made ..."
5. Rural Credits, Land and Cooperative by Myron Timothy Herrick, R. Ingalls (1914)
"History of Amortization Plan.—Two Advantages of Amortizable Loans Repayable by
Annuities. ... Absolute Safety Necessary for Bonds of Amortization Companies. ..."
6. Revised Record of the Constitutional Convention of the State of New York by New York (State). Constitutional Convention (1916)
"... in excess of the interest on such debt and of the annual instalments necessary
for its amortization may be excluded in ascertaining the power of such ..."
7. Accounting Theory and Practice by Roy Bernard Kester (1918)
"Amortization of Bond Discount and Premium The equitable distribution (technically
known as "amortization") of the discount and premium on bond investments ..."
8. The Accountancty of Investment by Charles Ezra Sprague, Leroy L. Perrine (1914)
"The three months' amortization of the bonds sold is in effect implied in the
price $51,- 291.86, which is reduced by the amortization ..."
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