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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.
Exact synonyms: Amortisation
Generic synonyms: Defrayal, Defrayment, Payment
Derivative terms: Amortise, Amortize
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
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