Examples from the Web for amortization
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|Francis Lynde
No effort is made to levy tolls that will provide for interest charges, or for the amortization of the principal.
This amortization of the Republic's debt for these improvements has been going steadily forward.
British Dictionary definitions for amortization
- the process of amortizing a debt
- the money devoted to amortizing a debt
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.
Culture definitions for amortization
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.