amortization
UK /əˌmɔːtəˈzeɪʃən/ · US /ˌæmɚtəˈzeɪʃən/ noun
Forms amortizations amortisation
- noun The reduction of loan principal over a series of payments.
- noun The distribution of the cost of an intangible asset, such as an intellectual property right, over the projected useful life of the asset.
Synonyms
Etymology
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”).
Webster’s 1913
- noun The act or right of alienating lands to a corporation, which was considered formerly as transferring them to dead hands, or in mortmain.
- noun The extinction of a debt, usually by means of a sinking fund; also, the money thus paid. Simmonds.
Etymology [LL. amortisatio, admortizatio. See Amortize, and cf. Admortization.]
Sources: Wiktionary · WordNet 3.0 · Webster’s 1913 — from the Wiktionary entry “amortization”, CC BY-SA 4.0. Details