amortization

[ am-er-tuh-zey-shuhn, 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.

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Origin of amortization

First recorded in 1665–75, amortization is from the Medieval Latin word a(d)mortizātiōn- (stem of admortizātiō). See amortize, -ation

Words nearby amortization

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2021

Example sentences from the Web for amortization

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 of amortization

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

Cultural 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.