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Noun: amortisation  ,a-mu(r)-tI'zey-shun
Usage: Brit (N. Amer: amortization)
  1. The reduction of the value of an asset by prorating its cost over a period of years
    - amortization
  2. Payment of an obligation in a series of installments or transfers
    - amortization

Derived forms: amortisations

Type of: decrease, defrayal, defrayment, diminution, payment, reduction, step-down

Encyclopedia: Amortisation