amortization

[ am-er-tuh-zey-shuh n, uh-mawr- ]
/ ˌæm ər təˈzeɪ ʃən, əˌmɔr- /

noun

an act or instance of amortizing a debt or other obligation.
the sums devoted to this purpose.

Origin of amortization

First recorded in 1665–75, amortization is from the Medieval Latin word a(d)mortizātiōn- (stem of admortizātiō). See amortize, -ation
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019

Examples from the Web for amortization

  • Surplus revenues enabled the amortization of its debt; and by 1852 the revenue exceeded three million dollars annually.

  • "'Amortization' is the word, Colonel," was Smith's prompt verdict after he had gone over Martin's summaries.

    The Real Man|Francis Lynde
  • No effort is made to levy tolls that will provide for interest charges, or for the amortization of the principal.

    The Panama Canal|Frederic Jennings Haskin
  • This amortization of the Republic's debt for these improvements has been going steadily forward.

    The Panama Canal|Frederic Jennings Haskin

British Dictionary definitions for amortization

amortization

amortisation

/ (əˌmɔːtaɪˈzeɪʃən) /

noun

  1. the process of amortizing a debt
  2. 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)

Derived Forms

amortizement or amortisement (əˈmɔːtɪzmənt), noun
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

Culture definitions for amortization

amortization

[ (am-uhr-tuh-zay-shuhn, uh-mawr-tuh-zay-shuhn) ]

A term that refers either to the gradual paying off of a debt in regular installments over a period of time or to the depreciation of the “book value” (that is, the standard assessed value) of an asset over a period of time.

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.