amortization
Meaning
- (countable, uncountable) The reduction of loan principal over a series of payments.
- (countable, uncountable) The distribution of the cost of an intangible asset, such as an intellectual property right, over the projected useful life of the asset.
Synonyms
amortization of debt
payment by installments
Translations
Pronounced as (IPA)
/əˌmɔːtəˈzeɪʃən/
Etymology
In summary
From Middle English amortisen (“to kill, alienate in mortmain”), from Anglo-Norman amorteser, alteration of Old French amortir, from Vulgar Latin *admortire (“to kill”), from Latin ad- and mors, mortem (“death”).
Notes
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