[am-er-tuh-zey-shuh n, uh-mawr-]
- an act or instance of amortizing a debt or other obligation.
- the sums devoted to this purpose.
Origin of amortization
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018
Examples from the Web for amortization
This amortization of the Republic's debt for these improvements has been going steadily forward.
No effort is made to levy tolls that will provide for interest charges, or for the amortization of the principal.
Surplus revenues enabled the amortization of its debt; and by 1852 the revenue exceeded three million dollars annually.Railroads: Rates and Regulations
William Z. Ripley
"'Amortization' is the word, Colonel," was Smith's prompt verdict after he had gone over Martin's summaries.The Real Man
- the process of amortizing a debt
- the money devoted to amortizing a debt
- (in computing the redemption yield on a bond purchased at a premium) the amount that is subtracted from the annual yieldCompare accumulation (def. 3b)
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
Word Origin and History for amortization
1670s, in reference to lands given to religious orders, from Medieval Latin amortizationem (nominative amortizatio), noun of action from past participle stem of amortizare (see amortize). Of debts, from 1824.
Online Etymology Dictionary, © 2010 Douglas Harper
The New Dictionary of Cultural Literacy, Third Edition Copyright © 2005 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.